CDOs

Citigroup has priced a $352 million CLO for Apidos Capital Management, according to a person familiar with the transaction.

Nomura Holdings has hired two executives for its leveraged finance group, a source familiar with the situation confirmed. The additions come in the wake of several high profile departures from the Japanese bank.

Dock Street Capital Management is acting as liquidiation agent for the deal called Rockville CDO I. There will be two separate sales to be held on Sept. 27.

The Securities and Exchange Commission (SEC) today voted (4-0 today) unanimously to propose a rule intended to prohibit certain material conflicts of interest between ABS sellers and investors.

RBS Securities (RBS) hired Tom Majewski to join RBS's global banking and markets division in the Americas as a managing director in its ABS finance coverage and advisory team.

Citigroup is seeking to gain control of more than $2 billion of CLOs, apparently in order to liquidate them and unwind related trades.

ASR just launched a weekly video news update to give our readers a quick rundown of breaking news throughout the week.

A verdict in Los Angeles Superior Court Friday has conjured up a shared happy ending between DoubleLine Capital CEO Jeffrey Gundlach and his former employer The TCW Group after more than two years of legal wrangling.

Lawyers for Barclays Capital last week told a federal court fraud claims regarding a failed CDO it sold to Eastern Financial Florida Credit Union, the biggest ever credit union failure, are barred by the statute of limitations on such securities suits and should be dismissed.

MBIA has had strokes of luck lately, with the most recent positive developments coming from lawsuits filed against the company.

DBRS hired David Sánchez Rodríguez for its structured finance group as assistant vice president.

After heavy criticism from investors, analysts and bond insurers over Standard & Poor’s new bond insurance rating criteria, the agency is firing back in self-defense.

Bank of New York Mellon has pulled the sale of its Alcentra unit, which manages $17 billion in CLOs and other vehicles that contain leveraged loans and high yield bonds, according to a Bloomberg report.

CLO issuance could return this month after volatility slammed the breaks on activity in August, Standard & Poor's said in a research report Monday. The pipeline is backed up to the tune of about $5 billion, spread among 13 deals.

Fitch Ratings submitted its comment letter in response to the Securities and Exchange Commission's Solicitation of Comment to Assist in Study on Assigned Credit Ratings, which is required by Section 939F of the Dodd-Frank Act.

Bond insurer Assured Guaranty has a bone to pick with Standard & Poor's over the rating agency's new bond insurance rating criteria.

State Street Corp. has launched a derivatives clearing service, complete with a swaps clearing platform.

Highland Capital Management has put its European CLO business back up for sale after taking it off the block earlier this year, according to Bloomberg.

Last December, when Carlyle Group took over four CLOs previously managed by Mizuho Alternative Investment, it didn’t just get the management contracts; it also acquired equity in these deals.

Golub Capital Partners is preparing a $300 million CLO. Golub Capital Partners CLO 10 is a managed cash-flow CLO collateralized primarily by broadly syndicated first-lien senior secured corporate loans, according to a presale report by Moody’s Investors Service.