CDOs/CLOs

consolidation among managers of collateralized loan obligations has slowed

Arbor Realty Trust plans to issue CLOs backed by commercial real estate on a regular basis, Gene Kilgore, executive vice president of structured securitization said today.

The biggest impediment to the recovery of the European CLO market is the lack of loan issuance in the region, according to panelists at IMN's industry conference.

This is only days before the American Securitization Forum (ASF) is scheduled to host its annual conference, also in Last Vegas.

Pricing has emerged on a $500 million collateralized loan obligation that Bank of America is marketing for CVC Credit Partners.

The Loan Syndications and Trading Association is proposing a new risk retention plan for CLOs that meets the Dodd-Frank Act's requirements while allowing market players to originate new CLOs.

CNO Financial closed on the $413 million Cedar Creek CLO, its fourth collateralized loan obligation.

editors letter

Banks are expected to start buying riskier portions of collateralized loan obligations (CLOs) in response to a deposit-insurance rule change that takes effect this month.