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CSO arrangers take notes from success of CLOs
4 years ago
CSO arrangers are looking to follow the CLO template in more ways than one, with sources indicating that some dealers are looking to structure their deals in note format (as opposed to swaps). -
CSO arrangers look to build on $65bn of issuance in 2019
4 years ago
The synthetic bespoke tranche market this year has fallen short of expectations in terms of overall issuance volume, but ends with transformative inroads being made. -
NNIP's private debt head moves to private equity job
4 years ago
The team leader for direct lending, loan portfolio financing and non-performing loan securitisations at NN Investment Partners has moved to a senior private equity job at AnaCap Financial Partners -
It may seem a bit rich for Welshcake to tell staid CLO investors they need to be more sensible
4 years ago
Bespokes are the next big thing — and you’d be wise to get involved -
ABS investors show increased interest in green securitisations to reach EU climate targets
4 years ago
Securitisation is being touted as a tool to help close the yearly investment gap of €180 billion needed to achieve the EU’s climate and energy targets by 2030, as identified in the European Commission’s sustainable finance action plan, which was published last year. -
Points up front: Cap wearer plays trump card in support of SRT
4 years ago
Such has been the success of Donald Trump’s “make America great again” caps that structured credit folks have started sporting their own versions. Santander’s Jeremy Hermant has been seen in the streets of London proudly wearing a cap with the motto “make SRT great again”. Hermant works in the significant risk transfer team and tells Creditflux that he has been campaigning for SRTs for the past few years. -
ResponsAbility closes impact securitisation at $175 million
4 years ago
ResponsAbility, a Zurich-headquartered impact assessment manager, has closed a $175 million securitisation of loans to microfinance and SME-finance providers in emerging markets -
CLO investors should be looking at CSOs
At Creditflux’s Credit Dimensions event in New York, structured credit investors were told how synthetic CDOs fit neatly alongside CLOs, and there is no need to pick one over the other4 years ago -
UK transitions to post-Libor era with array of Sonia-linked deals
4 years ago
The UK’s structured finance market has moved to swiftly embrace the daily compounded benchmark Sonia (Sterling overnight index average) ahead of the 2021 phase out of Libor. -
Natixis prices second muni-project securitisation of year
4 years ago
Energy Efficient Equity (E3) priced its inaugural 'property-assessed clean energy' (Pace) deal today via Natixis -
Arrival of five-year bespokes draws in CLO investors
4 years ago
Synthetic bespoke tranches are undergoing a major shift, with dealers projecting five-year business to supersede previously dominant shorter tenors by the end of 2019. -
Index tranche levels spike as investors advance into equity
5 years ago
Trading of credit index tranches is picking up, with some $61 billion worth changing hands in the space during the first quarter, according to data from the Depository Trust & Clearing Corporation -
Bespoke gains pull CLO buyers as market tipped to hit $100bn
5 years ago
Synthetic bespoke issuance could catch up with the more visible CLO market this year, say structured credit specialists -
CLO monoline businesses return with new purpose
5 years ago
CLO tranche insurance is making a comeback. Assured Guaranty has underwritten two middle market transactions, while in Europe various firms are testing the waters for this type of insurance, according to sources. -
Europe’s ABS market gets over STS road bump with VW deal
5 years ago
After months of waiting, Europe’s securitisation market saw the first ever deal to be structured as a Simple, Transparent & Standardised (STS) securitisation. -
The Last Tranche: Podcast episode 1
5 years ago
Creditflux takes on Las Vegas, b-wics and Welshcake, among other credit topics in the inaugural episode of the Last Tranche podcast -
Regulation stifles SRTs, but banks and investors revel in quarter-four outperformance
5 years ago
Over the course of 2018 there was roughly €6.5 billion of issuance in the market for significant risk transfer (SRT) deals, sources say, with the last three months understood to be the busiest quarter on record -
Trups CDO spreads shift wide of late 2018 levels as EJF produces $314 million deal
5 years ago
Trups CDO spreads have widened since the end of last year – much like corporate credit spreads – after EJF Investments priced its sixth securitisation of financial company debt. -
Spanish bank prices €972 million SRT with triple As paying 31bp
5 years ago
Cajamar Caja Rural, based in southern Spain, has priced a €972.1 million significant risk transfer (SRT), according to market sources -
Santander issues £1.1 billion SRT featuring UK project finance loans
5 years ago
Banco Santander has completed a £1.12 billion significant risk transfer through a transaction dubbed Fitzroy 2018-1 CLO -
African Development Bank prices landmark $1 billion SRT
5 years ago
The market for significant risk transfer (SRT) deals has taken another step forward with a first-of-its-kind deal, which has been originated by the African Development Bank -
Brigade prices triple Bs tight of double As with second CBO of 2018
5 years ago
Brigade Capital Management priced its second CBO of the year on Friday named Brigade Debt Funding II -
Hildene revives trups CDO market with new securitisation
5 years ago
Hildene Capital Management became just the second firm this year to price a Trups CDO yesterday -
JP Morgan keeps up synthetic CDO momentum
6 years ago
Sources say that JP Morgan priced a $500 million synthetic CDO last month, underlining its position as one of the key deal arrangers in this market -
Who predicted $145 billion of issuance?
6 years ago
That went better than expected: US risk retention came in, and $145 billion of global new issuance later, it’s clear that CLOs aren’t disappearing. By Tanvi Gupta and Sam Robinson
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