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CLO manager consolidation continues
Tetragon Financial Group (TFG) has entered into a definitive agreement with Calyon and certain of it...
Job Swaps 18 November 2009 -
Aladdin takes on CSO business
Aladdin Capital Holdings has completed what is believed to be the largest European CSO consolidation...
Job Swaps 18 November 2009 -
Hunting for value in Euro single-A CLO tranches
Madhur Duggar and Batur Bicer, structured credit strategists at Barclays Capital, gauge the sensitiv...
We analyse 133 European single-A CLO tranches across different default scenarios and gauge their sen...
Research Notes 18 November 2009 -
Euro CLO triple-C assets increase in September
S&P's European CLO performance index report for September shows that the 2004, 2005 and 2007...
News Round-up 18 November 2009 -
FINCA and DB bring microfinance CLO
FINCA International and Deutsche Bank have secured US$21.2m for the FINCA Microfinance Fund, the fir...
News Round-up 18 November 2009 -
Primary considerations
Equity economics continue to hinder CLO re-emergence
Speculation is intensifying as to an imminent reopening of the primary CLO sector. Some observers be...
News Analysis 11 November 2009 -
Little movement in top-10 CLO obligors during Q3
To determine the concentration risk in CLOs for Q309, S&P reviewed 645 outstanding rated US...
News Round-up 11 November 2009 -
US CLO index reveals slowdown in credit deterioration
Credit deterioration among US CLO transactions appeared to slow in September 2009, according to S&am...
News Round-up 11 November 2009 -
CLO discount obligation definition modified
ACAS CLO 2007-1 has entered into a supplemental indenture, which primarily modifies the definition o...
News Round-up 11 November 2009 -
Ratings debate
Non-rated structured finance issuance to gain traction?
The issuance of structured finance securities without credit ratings is tipped to become more preval...
News Analysis 4 November 2009 -
CLO triple-As forecast at 150bp by Q110
Structured credit analysts at JPMorgan have revised their spread targets for CLOs and expect triple-...
News Round-up 4 November 2009 -
One-third of Moody's US CLOs retain top rating
Moody's has completed the review of US cashflow CLOs that it initiated on 4 March. The review of EME...
News Round-up 4 November 2009 -
October CLO BWIC activity lags September records
CLO secondary market activity has abated somewhat after record-breaking levels in September (U$2.3bn...
News Round-up 4 November 2009 -
Ares Capital to acquire Allied Capital
Ares Capital is to acquire Allied Capital in an all-stock transaction currently valued at US$648m, o...
Job Swaps 28 October 2009 -
Additional manager flexibility for Ares CLO
Ares IIIR/IVR CLO has entered into a supplemental indenture that amends the definitions for the mini...
News Round-up 28 October 2009 -
Upgraded SF operations platform unveiled
Principia Partners has launched Principia Structured Finance Platform (SFP) Version 6.2. The latest...
News Round-up 28 October 2009