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Securitization People and Markets

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  • UBS and Nomura Securities International have each hired a mortgage-backed securities trader from Credit Suisse First Boston.
  • Akioka is the high-yield portfolio manager at Payden & Rygel in Los Angeles. The firm has $51 billion under management, primarily in fixed income.
  • Nuveen Investments’ raised $720 million for its Nuveen Floating Rate Income Fund, that will invest in bank loans.
  • The following is a list of prominent personnel moves from around the U.S. and European markets.
  • Bank debt portions were increased while the bonds were decreased for both WMG Acquisition Corp. and Sealy Mattress Co. after strong demand from the bank market.
  • Two shareholders opposed to an acquisition of Workflow Management by Perseus and The Renaissance Group are working to keep Workflow public by finding lenders for a refinancing that the company and its adviser Jefferies & Co. are against.
  • Worldspan Technologies filed a shelf registration last week indicating that the company would refinance its existing credit facility alongside an initial public offering.
  • Charter Communications' $6.5 billion refinancing is being structured as an amendment to the company's existing $5.1 billion credit facility to allow collateralized loan obligations to roll in.