Investments

A court victory in favor of plaintiffs could bring chaos to to capital flow for corporates, LSTA argues

CLO managers are again turning to an old tool, the combo note, to attract more investors for deals’ higher-risk equity stakes.

The carrier, through CLO management affiliate Park Avenue Institutional Investors, is bringing total AUM in senior loans to $1.65 billion.

After a decade of investing in distressed trust-preferred securities CDOs of small and regional banks, Hildene now sees non-distressed CLO equity as an inviting target.

A strong supply of nearly 10 billion euros ($11.2 billion) masks a market that is requiring arrangers and managers to work for less in order to price deals.

Freddie Mac will keep building on the financial reforms that produced profitability during conservatorship as broader government-sponsored enterprise proposals take shape, according to departing CEO Don Layton.

Fannie Mae is considering sharing more risk with the private sector to reduce future strain on its earnings from the implementation of the Current Expected Credit Loss accounting standard next year.

Five new-issue deals pricing Thursday pushed monthly primary CLO volume to $13.8 billion, with $43 billion year-to-date now 7% ahead of the new-deal output in the first four months of 2018.

The trio of malls collateralizing the new mortgage include two well-performing mall as well as a troubled Florida super-regional shopping center.

The $505 million Octagon Investment Partners 20-R will close before the assignment of any underlying loans, according to Moody's.