Latest news
Latest news
Rating upgrades to CLO tranches by Moody's and Fitch could let managers increase leverage in deals
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
More articles
More articles
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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.
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Symphony Asset Management is retaining only $3 million of the $44 million equity tranche anchoring its new $550 million collateralized loan obligation, with arranger Morgan Stanley distributing the bulk of the deal’s first loss piece to a number of third-party investors, according to officials.
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Barclays Capital is set to buy back some $12 billion of collateralized loan obligations and U.S. residential, mortgage-backed securities as new capital rules have made it more costly to keep them off its balance sheet.
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Plans by Deutsche Bank to sell a €900 million ($1.31 billion) collateralized loan obligation of legacy loans could provide a much-needed boost to Europe’s stalled CLO sector, industry professionals in London reckon.
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Former Goldman Sachs vets Alan Alsheimer and Martin Teevan have joined Ticonderoga Securities, a New York-based broker-dealer, to build its fixed-income platform.
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Demand for new issue collateralized loan obligations has tracked in primary paper to levels not seen since the financial crisis, according to bankers, analysts and CLO investors.
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Diane Rinnovatore has been promoted to co-head of Barclays Capital’s securitized products origination platform along with Cory Wishengrad, according to an internal memo.
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Market officials are calling for regulators to give collateralized loan obligations an exemption from new risk retention requirements.
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Peter Gleysteen, ceo of the newly created CIFC Deerfield Corp, has a bullish outlook for corporate mergers and acquisitions and plans to position the recently merged platforms of Deerfield Capital and Commercial Industrial Finance Corp to issue a new collateralized loan obligation.