CDOs

U.S. ABS securitization issuance was $180 billion in 2013, down 3% from 2012, according to Thomson Reuters data.

First-time collateralized loan obligation managers entered the game in droves in 2013, and participants expect the trend to continue in 2014, even if risk-retention regulation will make it more difficult for smaller firms to keep playing.

The final version allows banks to own and lend money to collateralized loan obligations backed exclusively by loans, though they may have to sell holdings of deals backed by bonds or other securities.

Issuers had engaged Standard & Poor’s to rate 32 collateralized loan obligations totaling $14.8 billion as of Nov. 29.

Vichara Technologies is collaborating with Markit to allow mutual clients to access Markit’s pricing service within Vichara’s platform.

Wells Fargo expects U.S. issuance of collateralized loan obligations to moderate in 2014, to $60 billion, partly as the result of regulations that make it less attractive to manage or own these securities

The limited number of buyers able to write big tickets allows them players to dictate terms.

The limited number of buyers able to write big tickets allows them players to dictate terms.

Data provider Lewtan has launched a service that provides information about loans used as collateral for European residential mortgage-backed securities and securitizations of loans to small and medium-sized enterprises.

Barclays expects issuance of collateralized loan obligations in 2014 to be similar to this year’s total, in the range of $75 billion to $80 billion.

NXT Capital, a midldle market lender and CLO manager, has expanded its direct originations team by hiring Doug Vitek, John Mills and Daniel Green.

A number (11) of European CLOs issued before the financial crisis are ripe for redemption, and this could free up loans to be used as collateral in new deals, according to Moody’s Investors Service.

The Carlyle Group said today it has closed a $415 million collateralized loan obligation, its sixth CLO of 2013.

So far this year, securitization of loans to small and medium-sized companies totals $4.9 billion, according to Wells Fargo.

New York Life Investment Management is preparing to issue a $409 million collateralized loan obligation called Flatiron CLO 2013-1, according to a presale report from Fitch Ratings.

The Loan Syndications and Trading Association is asking regulator to recognize a category of higher quality leveraged loans that would not be subject to proposed risk retention rules.

In the third quarter, seven of the 15 top-performing “legacy” CLOs rated by Moody's Investor Service were managed by Credit Suisse Asset Management.

The final scope of regulations governing securitization in Europe will shape the future of the industry, according to a report released today by Standard & Poor’s.

European collateralized loan obligations are deleveraging more rapidly than might be expected after their reinvestment period ends, according to Fitch Ratings.