Latest news
Latest news
Hire follows launch of new asset backed finance fund
Karen Anzalone joins law firm's structured finance and securitization practice
Bank continues to build in priority area
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The Carlyle Group and GSO Debt Funds Management both priced new European CLOs on Friday, selling the senior bonds at 108bps over Euribor, a strong sign for the euro CLO space as it clears the January hurdle. -
Alpha Bank sold a €1bn gross-book value portfolio of non-performing Greek SME loans, along with €56m repossessed real estate assets, to a group of funds managed by affiliates of Apollo Global Management and International Finance Corporation in December. The bank was advised by White & Case.
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Clydesdale Bank mandated Bank of America Merrill Lynch, BNP Paribas, Citi and Wells Fargo for the first UK RMBS of the year, Lanark 2019-1.
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Heavyweight debt collector Intrum reflected on a very active period of investments in its fourth quarter results, as banks continue to use it when dealing with legacy assets. But analysts questioned its refinancing abilities.
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The guarantee on securitization of bank non-performing loans (GACS) is likely to be extended, according to market participants speaking at a non-performing loans (NPL) event by the rating agency DBRS. Traders and other sources suggest the government could extend the programme to loans classified as 'unlikely to pay' (UTP).
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US credit manager CIFC Asset Management has launched an undertakings for collective investment in transferable securities (UCITS) fund in the Republic of Ireland.
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Plans for how the EU's 'simple, transparent and standardised’ (STS) regulation will apply to UK securitizations after Brexit, including provisions for asset backed commercial paper (ABCP) conduits, have been laid before Parliament.
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Greencoat Investments — an affiliate of hedge fund Clifden IOM No.1 — is purchasing outstanding notes on Business Mortgage Finance transactions (BUMF) with the intent of restructuring the deal, according to sources that spoke with GlobalCapital on Monday.
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Credit Suisse Asset Management priced its first euro CLO at the end of last week, placing the triple-A bonds at 108bps over three month Euribor as CLO investors remain largely undeterred by regulatory concerns. This week, GSO is expected to price its Crosthwaite Park CLO by Friday, with the manager floating initial price thoughts at the start of the week.
