Latest news
Latest news
Manager takes advantage of tight spreads available for refinancings to cut triple-A pricing by 14bp
How securitization can help high LTV mortgage lending, and why is the CLO market so busy
Portfolio includes private credit transactions originated by Sona and broadly syndicated loans
More articles
More articles
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Morgan Stanley today priced a $689 million GSO Capital Partners collateralized loan obligation, the largest deal since the financial crisis gripped the market.
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Austin-based broker dealer Tejas Securities Group is expanding into high-grade securitization, appointing Samir Shah, former head of asset and mortgage-backed securities at MF Global, to its sales and trading desk.
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GSO Capital Partners is retaining 5% of the equity from its new $688 million collateralized loan obligation, Central Park CLO.
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Deutsche Bank has priced its €858 million ($1.23 billion) ECAS 2011-1 Loan B.V. collateralized loan obligation, which was backed by a book of second tier and mezzanine debt, but the deal’s pricing levels have sparked a bearish tone among some industry professionals in London.
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The pipeline of primary market collateralized loan obligations could slow as the secondary market for paper cools off amid market turmoil tied to the Greek sovereign debt crisis.
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Scott Eichel, former co-head of asset- and mortgage-backed securities trading at Bear Stearns, hasn’t looked back since the 85-year-old institution was absorbed by JPMorgan at the height of the subprime mortgage meltdown for just $10 a share. -
Citigroup is urging regulators to reconsider plans to force securitizers to keep a slice of risk in deals they structure, saying the plan lacks full analysis and is too broad and confusing.
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The industry is split over the effectiveness of the Securities and Exchange Commission's rule 17g-5 with bankers ratings agency officials taking different stances on the initiative at the American Securitization Forum's annual meeting in Washington.
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Investors in European asset-backed securities deals are facing a busy next few weeks as issuers press investors to vote on changes needed to bring existing transactions up to speed with revised Standard & Poor’s counterparty criteria.
