CDOs/CLOs

The Carlyle Group is planning a $494.2 million CLO. The deal, dubbed Carlyle Global Market Strategies CLO 2012-1, would be the private equity firm’s thirty-third, and its first new issue for 2012. It is an arbitrage cash flow CLO with a four-year reinvestment period, scheduled to end in April 2016, according to a presale report by Fitch Ratings.

More details are highlighted on bond insurer MBIA's reported losses in the fourth quarter of 2011 from yesterday's article from ASR sister publication The Bond Buyer.

There's more than one kind of CLO revival underway. Issuance of CLOs in the quasi-public 144A market has picked up dramatically since the financial crisis, thanks to the strong performance of existing vehicles. But, market observers say there has also been a pick-up in issuance of CLOs that are truly private, which have proprietary structures and only a handful of participants.

Banks are applying a well-honed strategy to mitigate regulators' recent proposal to determine capital requirements for assets that include securitizations.

Bond insurer MBIA reported experiencing losses in the fourth quarter of 2011.

Bond insurer Assured Guaranty reported a net loss per share despite mostly positive results for the fourth quarter of 2011.

The Secretary of the Commonwealth of Massachusetts has fined State Street Corp. $5 million over its role as investment manager in the Carina CDO.

The Carlyle Group said today it completed the acquisition of the management contracts of four European CLOs with total assets of €2.1 billion in from Highland Capital Management, an alternative asset management firm based in Dallas.

Bond insurer Ambac Financial Group is offering the Internal Revenue Service (IRS) $102 million to settle the agency’s $800 million claim against it.