RAIT Adds $349M to December CRE CLO Pipeline
RAIT Partnership is the latest sponsor to tap the securitization market with bonds backed by commercial real estate loans, according to Moody's Investors Service.
CDOs
U.S. CLO Issuance Drops to $4.8B in November
Ten U.S. collateralized loan obligations totaling $4.8 billion were issued in November, marking the lowest monthly level since January 2014, according to Thomson Reuters LPC.
“Qualified” CLO Bill Introduced in U.S. House
CLO managers have received some Congressional backing for their efforts to curb the impact of forthcoming risk-retention standards.
Jefferies Floating Plans to Finance Risk Retention for CLOs
Jefferies is Floating Plans to Finance the 5% stakes that CLO managers will need to retain in their own deals.
New Bank Capital Rules Could Demolish ABS Trading
New bank capital rules on the horizon could nearly wipe out secondary trading in most kinds of asset-backeds, said JPMorgan analysts in a report.
More Lending, Low Rates Buoy Euro Securitizations
A jump in lending in many parts of Europe, coupled with rising economic growth and higher employment, should help bolster the performance of securitizations in Europe, according to Fitch Ratings.
Wells Fargo Forecasts CLO Issuance Drop for 2016
Issuance of CLOs in the U.S. market this year fell short of 2014 totals will fall further next year, Wells Fargo Securities Senior Analyst David Preston said in a recent report.
How CIFC is Getting “Skin in the Game”
CIFC Corp., the largest U.S. collateralized loan obligation manager by number of deals, it is raising its own capital to finance retention of stakes in its deals.
CLO Manager Regiment Throws in the Towel
Regiment Capital Advisors sold the management contracts to four collateralized loan obligations totaling $1.6 billion to Sankaty Advisors.
How CIFC is Getting “Skin in the Game”
CLO manager CIFC Corp. is tackling the impending risk retention rule head on by raising its own capital.
US CLO Issuance Picks Up in October to $8B
After declining in each of the three previous months, issuance of U.S. collateralized loan obligations picked up in October to $8 billion, its highest level since June, according to Thomson Reuters LPC.
Banks Forecast Drop in CLO Issuance in 2016
Barclays and JPMorgan are both forecasting a decline in issuance of collateralized loan obligations next year, citing a variety of regulatory and market headwinds tamping down demand for the securities.
Golub Capital Adds to Syndicated Loan Capabilities
Joseph Wilson Jr. has joined Golub Capital help expand the credit asset managers existing distribution capabilities.
Hunt Mortgage to Enter CRE-CLO Business
Commercial real estate lender Hunt Mortgage Group has hired Amy Shah to build and launch a collateralized loan obligations platform.
Valeant Pharmaceuticals Is Single Largest Holding in U.S. CLOs
Valeant Pharmaceuticals, which has come under pressure for both its accounting and business practices, is the single largest holding in U.S. collateralized loan obligations, according to Deutsche Bank.
CIFC Taps Prospect Capital Vet for Structured Fin Role
Robert Klein has left his role as lead portfolio manager for Prospect Capital Managements CLO platform to oversee the structured products portfolios at CIFC Corp.
LCM Asset Management Marketing 3rd CLO of 2015
LCM Asset Management is marketing its third collateralized loan obligation of the year, according to Fitch Ratings.
U.S. CLO Issuance Falls Again in September to $4.9B
Issuance of U.S. collateralized loan obligations fell again in September, amounting to $4.9 billion, according to Thomson Reuters LPC.
BofA Scores Another Win for Second-Liens
Bank of America is getting some more mileage out of its Supreme Court victory in June.
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