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CLO issuance hits highs
US CLO new issuance finished 1H14 with the most active quarter since the inception of the market, Fi...
News Round-up 30 July 2014 -
Cov-light activity highlighted
Fitch expects the recent trend for larger covenant-lite buckets in European CLOs to continue, althou...
News Round-up 30 July 2014 -
European alternative
Stefan Bund, group md and head of asset-based finance at Scope Ratings, answers SCI's questions
Q: How and when did Scope Ratings become involved in the securitisation market? A: Scope Ratings...
Provider Profile 29 July 2014 -
Napier Park completes Citi redemption
Napier Park Global Capital has returned to Citigroup the last of the capital that had been invested...
Job Swaps 25 July 2014 -
Loan TRS 'welcome' addition
Total return swaps (TRS) on investment grade and high yield credit indices in Europe and the US have...
News 23 July 2014 -
HARBM 3 hit by lack of credit support
The Harbourmaster CLO 3 class B tranche last week defaulted at the deal's legal final maturity. The...
News 23 July 2014 -
Second-lien loans gain favour
US CLO managers are divesting bonds in their portfolios in anticipation of rising interest rates and...
News Round-up 22 July 2014 -
Warehousing facilities weighed
The entrance of new and varied types of equity investors in the CLO market willing to contribute a f...
News Round-up 22 July 2014 -
Little change for CLO manager rankings
Moody's rankings of the top-10 CLO managers in the US, Europe and globally have changed little since...
News Round-up 22 July 2014 -
Volckerised Euro CLO structured
3i Debt Management last month priced Harvest CLO IX, the first European CLO to comply with the Volck...
News Round-up 22 July 2014 -
CLO refinancings to occur sooner?
US CLO deals refinanced so far this year have typically had only 12-15 months left in their reinvest...
News Round-up 21 July 2014 -
BGLF placement exceeds expectations
Blackstone/GSO Loan Financing (BGLF) has raised gross proceeds of €260.5m via its share pl...
Job Swaps 21 July 2014 -
Credit vet moves on
Peter McLaughlin has joined mid-market specialist Medley Capital in New York. He joins from CIFC, wh...
Job Swaps 16 July 2014 -
Total return CLO index introduced
JPMorgan has launched the first rules-based daily observable pricing and total return index for US d...
News Round-up 16 July 2014 -
Accelerated evolution
Rapid pace of change as CLO market grows
US CLO issuance has reached record pace this year, as innovations driven by both regulatory demands...
News Analysis 15 July 2014 -
Japanese bank appoints CLO pro
Steve Kahn has joined the CLO team at Mizuho Securities as an executive director in New York. He was...
Job Swaps 14 July 2014