A policy fight is threatening the recovery of collateralized loan obligations [CLOs] in Europe.The debate is very familiar to U.S. bankers and regulators: Who should keep ‘skin in the game,’ and how much, when loans are packaged and sold?A draft paper released by the European Banking Authority (EBA) in May calls into question what had […]
Delayed draw features, which allow CLO managers to avoid paying noteholders until deals are invested, have gained momentum.
The Carlyle Group issued a $461.5 million collateralized loan obligation dubbed Carlyle Global Market Strategies 2013-3, according to a Standard & Poor’s presale report.
Trimaran Advisors, a wholly-owned subsidy of KCAP Financial, is planning a $426.3 million collateralized loan obligation called Catamaran CLO 2013-1.
LCM Asset Management priced a $418 million collateralized loan obligation, bringing issuance for the year to $40.6 billion.
Prudential Investment Management is planning a $379 million collateralized loan obligation of floating-rate notes, according to a pre-sale from Standard & Poor's.
Analysts at Barclays forecast a total of €46 billion ($61 billion) in publicly-placed securitization issuance for 2013, according to their mid-year outlook.
CVC Credit Partners is marketing a $600 million collateralized loan obligation, according to Moody’s Investors Service.
SNL reports that, in some cases, it’s not just the attractive yield or familiarity with the asset class, but a desire for exposure to the commercial loan backing these securities.
The Structured Finance Industry Group has hired Falcon Capital Advisors as well as a consultancy run by Kristi Leo to help it attract new members and pursue its legislative agenda.
A policy fight is threatening the recovery of collateralized loan obligations in Europe.
GoldenTree Asset Management is joining the list of U.S.-based CLO managers marching to Europe.
American Money Management Corp.’s latest collateralized loan obligation includes a $240 million delayed draw tranche, according to Fitch Ratings.
GLG Ore Hill and Anchorage Capital are each planning a $400 million collateralized loan obligation.
The Carlyle Group priced a 300 million collateralized loan obligation, demonstrating that regulatory concerns haven't shut the European pipeline down.
Anchorage Capital is prepping a $412 million collateralized loan obligation, according to Fitch Ratings.
European collateralized loan obligations issued pre-financial crisis are nearing the end of their reinvestment periods, yet the maturities of the loans that serve as collateral continue to shift further out into the future.
Couldn’t load more articles. Try again.
