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CLO equity returns suffer amid loan repricing wave, finds Nomura
7 years ago
CLO equity returns took a hit in January as increasing Libor and tightening loan spreads took their toll on CLO arbitrage, according to a research piece by Nomura -
Expect more CLO refis before year end, says Nomura
7 years ago
The increased pace of CLO refinancings is likely to continue in the coming months amid a steepening credit curve, according to a report published last week by Nomura -
Rally means US CLOs are fairly safe from OC test breaches, finds Nomura
7 years ago
US CLOs appear to be fairly well insulated from further overcollateralisation test breaches in the wake of a prolonged rally in the loan market, according to a new research report from Nomura. -
Euro CLOs offer 15bp spread pick-up for Japanese investors, says Nomura
7 years ago
European triple-A CLO investments are more attractive for Japanese investors than US CLOs on a currency-adjusted basis, according to a recent (pre-Brexit) research piece from Nomura. -
Silvermine CLO becomes first 2.0 to miss equity payment, says Nomura
8 years ago
Silvermine Capital Management’s Silver Spring CLO has become the first 2.0 deal to miss a payment to equity following an overcollateralisation test breach -
Bank research takes aim at Prospect Capital over CLO equity marks
8 years ago
Further concerns have been raised about Prospect Capital’s (PSEC) CLO equity marks in a scathing equity research piece titled "The more things change, the more they stay the same." -
Par building may not be enough to cure CLO test breaches, finds Nomura
8 years ago
Par building by CLO managers may not be enough to stave off the impact of recent defaults on overcollateralization test buffers, according to a research note from Nomura -
Buy shorter dated CLO triple-As to defend against volatility, says JP Morgan
8 years ago
Short-to-mid-duration CLO triple-A paper offers an attractive investment for buyers looking for downside protection, according to a JP Morgan research note published yesterday. -
Verso default pushes at least one CLO towards test breach, says Nomura
8 years ago
The recent chapter 11 bankruptcy filing by Verso has put one CLO in danger of failing its interest diversion test, according to a recent research note from Nomura. -
Limited loan collateral will stunt CLO issuance in 2016, says Citi
8 years ago
European CLO issuance is set for another hard year in 2016, according to a research note from Citi -
Financed CLO vertical retention strips could yield 7.1% IRRs, finds Citi
8 years ago
Vertical strip financing is a viable method for complying with forthcoming risk retention rules and can provide attractive returns for both managers and financing providers, according to research published this week by Citi -
CLO energy exposure has increased in 2015, finds Barclays
8 years ago
Average energy credit exposure in CLO portfolios has increased this year, according to research published by Barclays. -
Primary CLO mezz tranches are a solid buy, says JP Morgan
8 years ago
New issue US CLOs have widened significantly in the last six weeks, opening attractive opportunities for mezzanine debt investors, according to research published by JP Morgan -
CLO market could see $20 billion more in refis this year, says Citi
8 years ago
In a recent research piece, the bank notes that $145 billion of non-Volckerised CLO notes set to be callable by the end of 2015, setting the scene for a surge in 2.0 refinancings. -
Loan repricing wave could slow US CLO issuance, says Barclays
8 years ago
Spread tightening in the secondary loan market looks set to trigger a wave of loan repricings in the coming weeks, according to research published by Barclays -
Expect to see longer CLO non-call periods in 2015, says Barclays
9 years ago
Research published last week by Barclays states that the value of near-term call options for new deals is limited, and that managers can reduce funding costs by issuing CLOs with longer call locks -
Barclays suggests US loan-for-bond switch trade
9 years ago
Investors seeking yield should trade out of loans and into secured bonds, according to research published last week by Barclays. -
Equity buyers step back from CLO primary market, finds Wells Fargo
9 years ago
High funding costs coupled with loan market volatility are two reasons why CLO equity buyers are sitting on the sidelines, according to research published by Wells Fargo
18 results found Showing page 1 of 1
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