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Jefferies picks up three big mandates to get European CLO plans rolling
3 years ago
Jefferies has taken huge strides towards building out its European CLO arranging business with sources indicating the bank has won mandates from three managers -
CLO M&A to pick up with underperformers at risk
3 years ago
CLO manager consolidation is expected to be elevated into 2021 as the market recovers from the aftershock of covid-19 -
All’s well that ends well in 2020 OC tests
Swathes of CLOs failed over-collateralisation tests last year, but unlike the drawn-out recovery following the 2008 financial crisis, the return to compliance after the covid-19 crash was rapid3 years ago -
European CLO and ABS trader rejoins P&G in Milan
3 years ago
An experienced European CLO trader has switched to the buy side with market sources indicating he has returned to P&G -
Go for short-duration and high-end CLO paper, says JP Morgan
3 years ago
This year is shaping up to be nearly as weak for CLO new issuance as 2008, according to JP Morgan strategists, who recommend investors seek value in short duration double/triple A paper or in higher-tier triple/double B -
CLO fund manager hires ex BNP Paribas European CLO chief Danias
3 years ago
Christos Danias, the former head of BNP Paribas' European CLO group, has joined a large CLO fund manager in London -
Black Diamond multi-currency CLO looks to buy back senior debt at 98.75%
3 years ago
Black Diamond CLO 2015-1 is voluntarily offering to pay down its senior debt -
Rapid CLO M&A activity on the horizon as fee deferrals pick up
3 years ago
A flurry of M&A deals could soon sweep the CLO market as management fee deferrals become an increasing pressure point for small CLO managers -
Negative cash deal becomes first European CLO to fail OC test since sell off
3 years ago
260 US CLOs have failed an over-collateralisation test in the last two months and the first European CLO has breached a junior over-collateralistion since the credit sell off in March -
CLOs look at flipping frequency switch as corporates hold cash
3 years ago
European CLOs could be set to flick their ‘frequency switch mechanisms’ as a growing number of corporations go from paying quarterly to semi-annual coupons -
VAT guidance leaves CLO managers in 'limbo' as they weigh options
4 years ago
The Dutch Tax Authority’s move to ease the pressure on European CLO managers by grandfathering deals against VAT until at least January 2021 has drawn mixed responses -
Former BofA CLO trading head lands at Swiss wealth manager after fundraise
4 years ago
Bank of America’s former European CLO trading head has landed at Swiss asset manager ISP Group -
Who's got the moves Europe: TV producer's loans rally most as recovery begins
4 years ago
The S&P/LSTA European Leverage Loan Index ended the week at 82.98 on 3 April – recovering 4.06 points from 78.92 on 24 March which was the lowest point for the index since the 2008 financial crisis. -
Unique CLO upsizes to $22 billion
4 years ago
The world’s largest CLO has more than doubled in size to total a whopping $22 billion -
Standard Chartered looks to expand London CLO trading team
4 years ago
Standard Chartered is looking to bolster its CLO team by hiring a trader in London -
CLO tranche investor leaves Carlyle after 12 years
4 years ago
The New York-based co-head of global structured credit has parted ways with Carlyle, sources say. The firm is understood to have appointed a replacement in London -
GSO adds turbo tranche feature to European CLO as part of reset
4 years ago
GSO Capital Partners has issued a novel single B-rated European CLO tranche that is designed to amortise quickly -
Euro CLO round-up: debt investors own the floor as tempo picks up
4 years ago
It was one of those rare weeks in Europe when volumes surpassed the much larger US CLO market and, to cap it all off, spreads made a big jump tighter. -
Another 2008 would leave IG CLOs without losses but default rates will climb, says BofE
4 years ago
CLOs will see greater losses in a downturn than they did in the last financial crisis, according to the Bank of England’s Financial Stability Report -
EQT hires portfolio manager to pave the way for European CLO launch
5 years ago
EQT has taken a big step towards launching a CLO management platform with market sources indicating that the firm has hired a head of senior debt -
Ashurst promotes structured products lawyer as one of 21 new partners
5 years ago
Ashurst has promoted to partner a London-based lawyer who specialises in derivatives and debt capital markets -
Two CLO investors leave GSO in London
5 years ago
Two experienced CLO investors have parted ways with GSO Capital Partners in the last few weeks -
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. -
CLOs are not like CDOs, says Barclays, but warns of loan quality impact
5 years ago
CLOs are far removed from the kinds of structured products that contributed to the 2008/09 global financial crisis, Barclays has argued in a wide-ranging research piece this week -
Pearl Diver launches new CLO funds and expands into US with New York office
5 years ago
CLO equity investor Pearl Diver Capital is in full-on expansion mode with the launch of new funds and the opening of its US office in New York
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