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The catalog itself is valued at $4.1 billion, easily the largest portfolio value among the securitization industry's recent music royalty transactions.
November 30 -
The amended longstanding rule could drain liquidity from asset securitization markets, while a separate disclosure proposal is poised to burden CLOs.
November 15 -
Success could open up a major source of uncorrelated risk to structured-finance investors.
November 11 -
Should Libor become unavailable most CLO loans are already written to fall back to the prime rate. Managers will have to monitor their CLOs' legacy Libor loans.
November 3 -
Disclosure requirements have been in place since 2019, but until now it has been unclear whether the disclosures should adhere materially or exactly to templates.
October 19 -
Central banks' aggressive interest-rate hikes to tame inflation have increased the likelihood of borrowers' interest-rate coverage falling short.
October 13 -
The new law is expected to strengthen renewable energy market development, but ongoing supply-chain complications may hinder a jump in deals.
September 23 -
In the proposal, NAIC argues that an insurer purchasing every tranche of a CLO holds the same investment risk as purchasing the entire pool of loans backing the CLO.
September 12 -
The new loan forgiveness program should lessen maturity risk by lopping off a chunk of the student loans, accelerating payments to lenders.
September 1 -
Ali Ben Lmadani, ABL Aviation's founder and CEO, expects to see the values of mid-life aircraft fall from highs seen in 2017, when future values were booked too high.
August 23