CDOs

News

How Volcker Rule Will Stir Up the CLO Market

The market for collateralized loan obligations hit an all-time high in 2014 — but the onset of a number of regulatory requirements, including the Volcker Rule, mean the good times may not last long.

CIT Preps $705M Small Equipment Lease Securitization

CIT is preparing a $750 million securitization of small-ticket equipment leases, according to Standard & Poor’s.

Oxford Finance Securitizing Life Science,Healthcare Loans

Specialty lender Oxford Finance is preparing a collateralized loan obligation backed exclusively by loans to life science and healthcare companies, according to Kroll Bond Rating Agency.

CLO Manager Shakeout May Come Earlier Than Expected

John Lapham, co-head of leveraged finance at PineBridge Investments, thinks that the ranks of CLO managers could start to thin well before risk retention rules take effect in 2016.

Why Monroe Capital Took Its Time with Second CLO

The middle market that the firm plays in is less liquid and less transparent than the broadly syndicated loan market, so picking up primary loans is key for a collateralized loan obligation. And what better way to do that than to have your own origination platform?

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Articles

CLO Triple-As Still Calling the Shots

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

No Exception to Risk Retention for CLOs

Risk-retention rules could thin the ranks of CLO managers; the industry was hoping for a workaround, but what it got is pretty much unworkable.

Risk Retention Rules May Shrink U.S. CLO Market

The U.S. market for collateralized loan obligations would shrink by 75% if proposed risk-retention rules are implemented, according to the Loan Syndication and Trading Association.

People on the Move

DFG Taps Goldman Vet, Barclays Bulks Up on CMBS, Ares Adds Jeffrey Kramer and the ASF Retains Mike Williams as Policy Adviser

CLO Managers Grapple with S&P Recovery Test

A shift in the leveraged loan market has intensified grumbling among CLO managers about the way Standard & Poor’s rates the senior tranches of these deals.

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In the news: How Ability-to-Repay Rules Could Reshape RMBS Market

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Catastrophe Bonds Taking on New Perils

Investors in catastrophe bonds are broadening their exposure by taking on multiple perils and increasing the time period during which claims can be included in coverage. Often they are doing so without any additional compensation.

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