CDOs

Structured finance investors would prefer to rely on fewer sources of pricing for tracking deals, according to 107 investors in the industry surveyed by Principia Partners.

Shenkman Capital Management is in the market with its first collateralized loan obligation since the financial crisis.

The European DataWarehouse came in for some criticism at Information Management Network’s and Association for Financial Markets in Europe’s Global ABS 2012 conference, which is being held in Brussels this week.

The Federal Reserve Bank of New York today moved ahead with its planned auction of $1.9 billion from its Maiden Lane III portfolio that include assets from the Altius I and Altius II CDOs.

Global ABS 2011 – Today kicks off Information Management Network’s (IMN) Global ABS 2012 in Brussels. The conference will be held until Thursday, June 14.

If enacted by U.S. regulators as currently drafted, the Simple Supervisory Formula Approach (SSFA) would require banks to give capital risk weightings to securitizations that are sharply higher than those assessed under the longstanding ratings-based approach, according to a presentation by Brian P. Lancaster, co-head of structured transactions at RBS, and John Jordan, from the bank’s financial institutions division.

Despite intense volatility buffeting the Eurozone in recent months, Bank of America Merrill Lynch sees long-term strengths in the region’s structured finance space.

The Federal Reserve Bank of New York plans to sell $7 billion from its Maiden Lane III portfolio which will include assets from seven CDOs .

Issuance of collateralized loan obligations, which had been running well ahead of last year’s levels, now appears to be on hold until credit markets stabilize, according to Bank of America Merrill Lynch.

Middle market CLOs have remained relatively scarce since the financial crisis, as it is still difficult for deal sponsors to get financing to warehouse loans to small and medium-sized companies.

Originators of private student loans can't seem to catch a break. Two years ago, the federal government stopped guaranteeing these loans, leaving them unsecured; more recently, there's been a push in Congress to make student loans dischargeable in bankruptcy. The loans are also attracting scrutiny from the recently empowered Consumer Finance Protection Bureau.

The Carlyle Group isn’t the only market player seeing opportunity in adversity. In a move that might seem counterintuitive, in light of conditions in the European CLO market, 3i Debt Management is buying the majority of Invesco’s CLO business in the region.

3i Debt Management is buying the majority of Invesco’s European collateralized loan obligation business, the companies said today.

Standard & Poors last week upgraded 17 tranches from four CLOs. The rating agency upgraded four tranches to 'AAA' and downgraded a tranche from 'BB' to 'B'.

Golub Capital Partners has priced a $411 million collateralized loan obligation backed by broadly syndicated loans, according to a report by Standard & Poor’s.

JPMorgan has established price guidance on a $513.35 million CLO it is marketing for Carlyle Investment Management, according to Reuters.

The Federal Reserve Bank of New York today resumed its auction of Maiden Lane III's holdings in the Duke CDO. Bids are due on Thursday, May 24.

Standard & Poor's today released research on the role of credit ratings in the financial system.

Barclays Capital says there appears to be a “floor” on 'AAA' CLO spreads, at least until there is some better news out of Europe.

The Federal Reserve Bank of New York has postponed the sale scheduled for today from its Maiden Lane III portfolio.