Latest news
Latest news
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
First European buy now, pay later securitization expected next year
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A CLO structurer has left Morgan Stanley to join HPS Investment Partners as a vice-president. -
The International Organization of Securities Commissions (IOSCO) has launched a series of surveys ‘to understand the potential conflicts of interest and misaligned incentives among participants in the leveraged loan and CLO markets’, inviting bank lenders, CLO investors, loan sponsors, and CLO managers to give them feedback.
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Partners Group is marketing Penta CLO 9, a new CLO with a score related to environmental, sustainable and governance factors, following three similar transactions. But market participants question whether ESG scores are likely to turn the CLO market green.
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Trade receivable securitization has seen a surge in activity on the back of the recovery of the global markets, as suppliers seek to take advantage of the reopening US and European economies. Major banks have been taking up market share left by the collapsed supply chain finance firm Greensill, two sources said.
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More details about the financing structure Daimler will use after its trucks and buses business is spun-off and listed are emerging. The demerger will create two separate capital markets operations out of a company that has been Europe’s second largest corporate bond issuer of the past decade.
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The Joint Committee of the European Supervisory Authorities (ESAs) has released its hotly anticipated report on European securitization. But market participants are calling it a missed opportunity, pointing out that it fails to address recommendations made by the High Level Forum on the Capital Markets Union to develop the market.
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Dagmar Kent Kershaw, former head of ICG's credit business, has joined the board of Axa Investment Managers' listed Volta Fund, which invests largely in CLO equity, alongside risk transfer deals, CLO debt and ABS.
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The Global ABS conference will be returning to the venue it occupied just after the financial crisis poleaxed the securitization industry, London’s Edgeware Road, as travel worries and ever-changing rules and restrictions ruled out running Europe’s biggest capital markets conference in its usual Barcelona location.
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Bank of America has poached a CLO structurer from JP Morgan to add to its CLO team.
