CDOs/CLOs

Draghi looks to ABS market as way to lift Europe’s small businesses —and economy.

Anchorage Capital is prepping a $412 million collateralized loan obligation, according to Fitch Ratings.

European collateralized loan obligations issued pre-financial crisis are nearing the end of their reinvestment periods, yet the maturities of the loans that serve as collateral continue to shift further out into the future.

The latest generation of European CLOs may expose investors to a risk that didn’t exist in most collateralized loan obligations issued before the financial crisis: fluctuations in foreign exchange rates.

Draghi looks to ABS market as way to lift Europe’s small businesses —and economy.

Deutsche Bank is marketing a $500 million collateralized obligation for Western Asset Management that includes a delayed-draw tranche of notes.

On Tuesday, the European Banking Authority (EBA) published a consultation paper would seem to threaten the recent revival of the European CLO market.

BlackRock Financial Management has re-priced two classes of a $366 million collateralized loan obligation, according to Standard & Poor’s.

The latest generation of European CLOs may expose investors to a risk that didn’t exist in most pre-crisis deals: fluctuations in foreign exchange rates.