CDOs

The latest generation of European CLOs may expose investors to a risk that didn’t exist in most collateralized loan obligations issued before the financial crisis: fluctuations in foreign exchange rates.

Draghi looks to ABS market as way to lift Europe’s small businesses —and economy.

Deutsche Bank is marketing a $500 million collateralized obligation for Western Asset Management that includes a delayed-draw tranche of notes.

On Tuesday, the European Banking Authority (EBA) published a consultation paper would seem to threaten the recent revival of the European CLO market.

BlackRock Financial Management has re-priced two classes of a $366 million collateralized loan obligation, according to Standard & Poor’s.

The latest generation of European CLOs may expose investors to a risk that didn’t exist in most pre-crisis deals: fluctuations in foreign exchange rates.

Loan extensions create risks for investors in older European collateralized loan obligations.

Blackstone/GSO Debt Funds is marketing a €403.55 million collateralized loan obligation, the region's third since the financial crisis.

Cantor Fitzgerald said today it has added four structured credit professionals and is planning expand the business to underwrite new collateralized loan obligations in the U.S. and Europe.

Ratings rotation was advocated by some panelists at a talk a convened by the Securities and Exchange Commission on a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act, also known as the Franken Amendment.

A range of voices in the structured finance industry spoke against a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act at a panel convened by the Securities and Exchange Commission.

The revival of Europe’s collateralized loan obligation market doesn’t extend to middle market loans, according to Fitch Ratings.

Markit, the global financial information services company, has launched a new service for the pricing of collateralized loan obligation tranches.

The first three European CLOs to price since the financial crisis were structured to ease investor worries, and their successively tighter spreads suggest that’s happening, boding well for future deals as they adapt to the current market’s demands.

A collective sigh must have fallen across weathered European collateralized loan obligation (CLO) managers when news emerged about H.J. Heinz Co.’s decision to forgo selling a European portion of its $12 billion LBO financing in mid-March.

U.S. CLO Managers March to Europe

Deal economics of European CLOs are improving, trumping regulatory challenges and a shortage of collateral

Standard & Poor's Sounds Alarm on Covenant-Lite Loans in CLOs