European Securitization
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Deal is manager's first new issue euro CLO this year and has three triple-A rated tranches -
Market reopens with the first public ABS deal since July 24
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Manager tightens spreads across some mezzanine liabilities and includes two triple-B rated tranches
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CLOs are eschewing loans with even a whiff of credit risk, creating a gap in the market for wily investors
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Limited damage to securitized properties this year
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There are moral and economic reasons to take wildfires seriously
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Manager takes advantage of tight mezzanine liability spreads to reset CLO after its reinvestment period ended
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SME lender adds a new forward flow to funding mix
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The first reset of a European private credit CLO, the rise of CFOs, and the plight of US ABS issuer Extenet
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Deal's triple-A notes price 3bp tighter than those on Polus's previous transaction
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Siena deal is backed by a $1.5bn portfolio
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Reset widens spread on deal's triple-A rated notes, but tightens pricing across most mezzanine tranches
