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Growth pains
European CLO market constraints examined
European CLO issuance volume is expected to reach €10bn-€15bn across 30 transact...
News Analysis 18 June 2014 -
Compression trades
European ABS relative value discussed
Spread compression has made identifying relative value in the European ABS market more difficult. Ho...
News Analysis 17 June 2014 -
Agency names add to CMBS supply
US CMBS secondary market spreads did not move too much yesterday, but BWIC volume was up strongly to...
Market Reports 17 June 2014 -
Bank settlements delayed further
The deadline for acceptance under the proposed JPMorgan rep and warranty settlement has been extende...
News Round-up 17 June 2014 -
RMBS methodology released
Morningstar Credit Ratings has published a new methodology for US RMBS ratings. In addition to prime...
News Round-up 16 June 2014 -
Pub acquisition welcomed
Mitchells & Butlers has acquired 173 Orchid pubs for £266m on an EBITDA multiple of...
News Round-up 16 June 2014 -
Unusual pay-outs reported
The US$20m 4001 North Pine Island Road loan has been liquidated for US$7.5m, resulting in unusual pa...
News Round-up 16 June 2014 -
HQS legislation mooted
The EBA is working with other regulators to find the best way to create a definition and appropriate...
News 13 June 2014 -
FOIF lists
GLI Finance says that it transferred two of its CLO investments to Fair Oaks Income Fund (FOIF) for...
News Round-up 13 June 2014 -
Large RMBS lists lined up
A large US$1bn US non-agency RMBS bid-list was announced yesterday and due to trade today. The list...
Market Reports 11 June 2014 -
Starting gun
New front emerges in Trups CDO enforcement
American Bancorp was last month forced into involuntary bankruptcy, marking the first case where Tru...
News Analysis 11 June 2014 -
Discount bargains
Early CLO refinancings provide investor opportunities
New US CLO structures with senior tranches offered at both par and at a discount are creating opport...
News Analysis 11 June 2014 -
Bondholder communications reviewed
The ICMSA discusses how the trustee community has worked to address concerns around bondholder meeti...
A lively discussion between investors and trustees at the 2010 Global ABS conference was a catalyst...
Talking Point 10 June 2014 -
Post-crisis late-pays examined
The highest delinquency to date of any post-crisis US RMBS pool emerged last month, due to a transfe...
News Round-up 10 June 2014 -
WINDM X statement addressed
Mount Street has responded to Hatfield Philips International's comments regarding Windermere X (SCI...
News Round-up 10 June 2014 -
CLO portfolio overlap eyed
Although European CLO issuance has gradually picked up over the last 18 months, CLO managers continu...
News Round-up 10 June 2014