Europe

Bank of America Merrill Lynch promoted two more executives from its collateralized loan obligation unit to top roles in global structured finance.

European CLO managers are edging closer to a type of deal not seen since the financial crisis – multi-currency tranches.

Moody's Investors Services top rankings of U.S. CLO managers still includes many familiar names, but the usual suspects lost market share in the fourth quarter of 2014 to some medium-sized managers.

Mitsubishi UFJ Securities Holdings Co., Ltd., (MUSHD) a member of global financial group MUFG, has tapped a UBS veteran to help expand its structured products business.

Gebäudeversicherung Bern has issued its first catastrophe bond, according to GC Securities, the sole placement agent.

European insurer and money manager AXA Group is in the market with its second U.S. collateralized loan obligation, according to rating agency reports.

Sankaty Advisors is prepping a €364.025 million ($447 million) European collateralized loan obligation, according to Moody’s Investors Service.

The Russian ruble is in freefall — it’s down more than 50% since January — and interest rates are climbing on the back of the Bank of Russia’s aggressive efforts to shore up the embattled currency.

NewDay, a newcomer to the U.K. securitization market, has priced £293 million of bonds backed by credit card receivables.

Standard & Poor's may downgrade its credit ratings of seven U.K. CMBS transactions with exposure to Tesco if the supermarket operator's long- and short-term corporate credit ratings fall below investment grade.