CDOs/CLOs

Babson Capital Management and its European arm Babson Capital Europe have postponed an IPO for a loan fund set to launch on the London Stock Exchange, according to a regulatory filing.

Quantifi has launched a free online information source for professionals involved in counterparty risk management and credit valuation adjustment (CVA).

After a significant slow down following the economic turmoil in August, CLO issuance is poised to pick up again as the loan market stabilizes, sources said. Indeed, the pipeline has even continued to grow despite the fact that a number of deals stalled over the summer.

Citigroup’s tender for the equity income notes issued by Skytop CLO resulted in it acquiring 46.77% of the $31 million of this class of securities outstanding.

Reinstating trust in the ratings process is key to growing investor interest, according to buyside participants in a Tuesday panel at the ABS East conference hosted by Information Management Network.

At the ABS East conference, organized by the Information Management Network, the message of ending the market’s over-reliance on ratings rang loud and clear.

There is a scarcity of investors at this year’s ABS East conference hosted by Information Management Network.

Money managers are hoping pension funds and insurance companies will become big buyers of leveraged loans, picking up the slack from CLOs.

Markit has launched an index that tracks the aggregate return of roughly 100 of the most liquid dollar-denominated leveraged loans, the financial information services company announced today.