US Securitization
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Some tranches of asset manager's first deal of the year were 14 times oversubscribed
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Issuance highest in two years but low origination leaves question mark over long-term supply
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The deal is almost seven times oversubscribed as higher spreads on esoteric asset classes lure investors
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Resets returning in force already as AGL pushes primary tighter but ‘all cylinders’ of demand continue to fire
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‘Next stop sub-130bp’, says one banker as US CLO demand shows no signs of fading
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This securitization comes a month after the consumer lender priced its second biggest ever deal
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Issuer’s previous deal had less credit enhancement and lower ratings
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US RMBS has had the busiest month of issuance in almost two years
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◆ Triple-A rated US CLO spreads close in on140bp ◆ CLO manager tiering barely visible ◆ Gearing up for Barcelona
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Student loans prepayments set to accelerate as Biden administration pushes borrowers to new repayment plan
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Investors argue value is being squeezed as new and lower-tier managers price deals at tier one levels
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Triple-As in red hot US CLO market head towards 140bp despite flood of deals