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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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Bank of America has set up an EMEA ESG strategic council chaired and led by three senior investment bankers, to intensify its effort to reduce its carbon footprint and manage its climate risks.
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The former head of US CLO syndication at Deutsche Bank, David Ryan, has been hired by Barclays as director on the CLO syndicate desk in the New York office. -
Eagle Point Credit Management, a specialist asset manager focused on investing in CLO securities, has hired Nate Morse as its new head corporate trader.
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The UK is reforming its treatment of special purpose vehicles in an attempt to make itself appear more business-friendly. However, in its attempts to open up the asset class, regulators could inadvertently tie up the market in red tape, as shown by its recent consultation over the possibility of including shares in ABS collateral.
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First Eagle Alternative Credit has hired Nishil Mehta as portfolio manager from Prospect Capital Management, where he was head of capital markets and a CLO portfolio manager.
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Companies with highly structured financial arrangements involving a combination of secured bonds and loans face a particularly arduous second half of the year as they grapple with the transition away from Libor.
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Greece has overtaken Italy as the biggest source of non-performing-loan ABS issuance in Europe, with banks stepping up issuance with a slew of transactions in 2021 as Italian institutions wind down their post-financial crisis backlog of bad debt.
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A CLO structurer has left Morgan Stanley to join HPS Investment Partners as a vice-president.
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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.
