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Presale reports were issued Monday for the $407.35 million Wellfleet CLO 201-1 and the $406.35 million NXT Capital CLO 2017-1; the two deals are the latest of four new offerings noted by ratings agencies since last week and among 14 this month.
March 21 -
Collateralized loan obligations are in such high demand that investors are increasingly willing to allow managers to actively manage portfolios for longer periods.
March 20 -
Spire Partners priced the first new Euro-denominated CLO deal for March, the 348 million Aurium CLO III last week, according to a report published Monday by Moody's Investors Service.
March 20 -
The monthly change for defaulted holdings in CLO 2.0s which now comprise 95% of the market for outstanding CLO issues rose 0.1% and now stand at 0.12%. The rate for CLO 1.0s rate 0.12%, now standing at 3.13%.
March 14 -
The $609.6 million GoldenTree Loan Management US CLO 1 is the first broadly syndicated loan offering from a new collateralized loan management asset firm that was launched in January after entering into a services agreement with GoldenTree Asset Management.
March 12 -
EJF Capital is preparing a collateralized debt obligation backed by securities intended to help small banks and insurance companies raise capital.
March 12 -
Barings U.K. is serving as manager for a new collateralized loan obligation warehouse funding structure that will have a target notional value of between 320-400 million (US$338-$422.8 million), according to a report from bond rating agency DBRS.
March 7 -
U.S. CLO new issue bounced back in February with 15 deals coming to market for a combined total of $8.1 billion, according to Thomson Reuters LPC.
March 6 -
PGIM is placing its first collateralized loan obligation offering of the year with an tilt toward lower-quality credits, as well as deferred interest across a large segment across the subordinate tranches of the $612 million transaction.
March 2 -
Securitization pros compared notes on regulatory compliance and learned about the risks and rewards of fintech; here are the highlights of the Structured Finance Industry Group;s annual confab.
March 1