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
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Apidos Capital Management is looking to raise a new collateralized loan obligation this quarter, its first vehicle since the financial crisis hit the market. The firm has been actively buying contracts from other managers in the ensuing consolidation period, and still has its eye on more acquisitions. Gretchen Bergstressser, senior portfolio manager, and Christopher Allen, chief operating officer, recently sat down with TS Managing Editor Joy Wiltermuth to discuss their strategy. -
Standard & Poor’s has placed nearly $2.9 billion worth of U.S. collateralized debt obligations on watch for possible upgrades after months of downgrading billions of CDOs. S
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A loophole in the Dodd-Frank Act may exempt collateralized loan obligations from proposed risk retention rules.
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Legacy European collateralized loan obligations have rallied 35-40 basis points since the Japanese earthquake, with secondary AAA spreads narrowing to LIBOR plus 200-225 bps, according to traders.
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San Francisco-based KKR Financial Holdings, the specialty finance arm of global buyout firm Kohlberg Kravis Roberts & Co., is scoping out opportunities in Europe to acquire legacy commercial real estate bank loans with an eye to launching future collateralized loan obligations.
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Lloyds Banking Group retained its £1.55 billion ($2.56 billion) project finance collateralized loan obligation, Gable Funding, due to a lack of investor appetite for floating-rate paper.
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Leverage is returning to the secondary private label residential mortgage-backed securities market as investment banks get comfortable dishing out risk to investors hungry for yield, according to a New York-based chief RMBS trader.
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Black Diamond Capital Management and ING Investment Management are both said to be raising new issue collateralized loan obligations, according to officials familiar with the strategies
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French insurance companies are circling equity tranches of collateralized loan obligations in the secondary market, according to Steven Touma, director at Paris-based Alicante Crossbow Trading.
