CDOs/CLOs

CLO volume this year has been a bright spot for leveraged loans, with nearly $18 billion in funds launching so far, according to Royal Bank of Scotland analysts.

Credit Suisse and Mitsubishi UFJ Securities are raising a $413.4 million collateralized loan obligation for Prudential Investment Management, according to a person with knowledge of the transaction.

The Federal Reserve Bank of New York is selling assets from 11 CDOs forming part of its Maiden Lane III (ML III) portfolio. Offering circulars were released yesterday.

Structured finance investors would prefer to rely on fewer sources of pricing for tracking deals, according to 107 investors in the industry surveyed by Principia Partners.

Shenkman Capital Management is in the market with its first collateralized loan obligation since the financial crisis.

The European DataWarehouse came in for some criticism at Information Management Network’s and Association for Financial Markets in Europe’s Global ABS 2012 conference, which is being held in Brussels this week.

The Federal Reserve Bank of New York today moved ahead with its planned auction of $1.9 billion from its Maiden Lane III portfolio that include assets from the Altius I and Altius II CDOs.

Global ABS 2011 – Today kicks off Information Management Network’s (IMN) Global ABS 2012 in Brussels. The conference will be held until Thursday, June 14.

If enacted by U.S. regulators as currently drafted, the Simple Supervisory Formula Approach (SSFA) would require banks to give capital risk weightings to securitizations that are sharply higher than those assessed under the longstanding ratings-based approach, according to a presentation by Brian P. Lancaster, co-head of structured transactions at RBS, and John Jordan, from the bank’s financial institutions division.

Despite intense volatility buffeting the Eurozone in recent months, Bank of America Merrill Lynch sees long-term strengths in the region’s structured finance space.