Making a case for pre-funded bonds
They may not be commonly issued but collateralised coupon bonds should be more attractive to investors than zero coupon bonds

Oh Brothers, where art thou?
Lehman Brothers’ collapse scattered one of the best regarded structured credit teams in the business around the investment banks and hedge funds of the world

Citi takes 2012 arranger crown
Citi once again led the way in a big year for CLO issuance. But the bank had to shake off some stiff competition in the fourth quarter.

CLO renaissance reshapes ranking
GSO stands tall once again as the largest CLO manager globally but smaller firms are beginning to make themselves heard

Credit Suisse takes crown as largest manager of post-crisis CLOs
Buoyed by the issue of Madison Park Funding X, Credit Suisse has taken top spot as the largest issuer of post crisis CLOs, but Apollo and Carlyle are close behind

European CLOs take on the wall
Many European CLOs will exit their reinvestment periods within a year and will be vulnerable to rising default rates. Peter Melichar looks at the likelihood of this leading to tranche losses

Chinese property credits: in from the cold
Increasingly prudent financial management by Chinese developers is turning their bonds into hot property among yield hungry US investors

Citi comes out top again in most active quarter for CLOs in five years
CLO arrangers overcame the stickiness of triple-A spreads to register a post-crisis record quarter with $14 billion of deals inked as Citi once again topped the tables      

Volatility returns for credit funds
Half-year return data compiled by Creditflux shows that for credit hedge funds 2012 has so far been a year of modest recovery after the travails of 2011

Preserving and conserving
Stable revenues, good liquidity and manageable leverage have kept yields in the consumer packaging sector steady in the long term

Measuring the bullet-proofing
How many defaults would it take to cause losses to CLO tranches?

Life in plastic: not so fantastic
The future may be bright for companies that process payments electronically – but for now consumers are being too careful with their credit cards

Network overload
Intense competition among communications network makers is creating tough trading conditions and could push one of the largest out of business.

Measuring credit managers’ performance
The Creditflux Manager Awards will be held on 9 May. We outline how the winners will be chosen

Credit spotlight: Still loving it
Leverage is high but the fast food sector is doing well even as consumer spending falls – so it’s no surprise that credit investors are tucking into large portions

Tanker credits sunk by oversupply
The worst should be over for tanker companies but exuberant ordering of new vessels prior to 2009 and high leverage mean that most are still struggling

High yield financials tempt brave buyers
Yield hungry investors are turning to US speciality financial companies in spite of their high debts and unresolved questions about their funding

Credit spotlight - Getting stuck in cement
Fallen angel credit Cemex seems to be in all the wrong places, with exposure to Spain, Egypt and the US housing market. But investors are still dazzled by its bonds’ attractive yields

Spotlight - Picking a perfect pipeline
Companies that transport oil and gas generally deliver stable cash flows. But complicated corporate structures make some rather less attractive than they first appear. 

Broadcasters bounce back
Eighteen months ago, many broadcasters were fighting for life. But in the nick of time an increase in advertising revenue rode to the rescue. 

Spotlight on pharmaceuticals - A bitter pill
A few years ago they had top ratings, but the creditworthiness of the world’s largest producers of branded pharmaceuticals is waning – and worse is to come.

Assenagon: the basis hunter
Negative basis used to be an easy trade. But now Munich-based credit manager Assenagon must hunt high and low for these elusive opportunities.

Spotlight on semiconductors - Saved by the smart phone
Growth in sales of portable computers and hi tech smart phones is helping the semiconductor industry recover.

Casinos see their long-running lucky streak come to an end
Casinos see their long-running lucky streak come to an end