CDOs

News

Oregon Standoff Shows Difficulties Escaping Trust-Preferred Trap

Albina Community Bancorp nearly managed to wriggle out of a trust-preferred vise, but it could still find itself getting squeezed.

Velocity Commercial Capital Plans $191M CRE CLO

The deal is backed by a pool of 631 small-balance fixed and adjustable rate commercial mortgage loans secured by 651 properties, according to Kroll Bond Ratings.

Europe Pipeline Gets Portuguese €875 SME CLO

BANIF Banco Internacional do Funchal S.A plans to place €875 million ($1.12B) of securities backed by a pool of current accounts and term loans to Portuguese self-employed and small and midsize enterprises.

Judge Sides with Creditors in Trust-Preferred Bankruptcy Fight

A judge has ruled that the involuntary bankruptcy of FMB Bancshares in Lakeland, Ga., may proceed, a decision that could embolden more trust-preferred creditors to pursue a similar strategy.

European Leveraged Loan Issuance at YTD Record: Dealogic

Issuance of European syndicated corporate leveraged loans stands at record $53.7 billion for the year to date, according to Dealogic.

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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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Current Issue

China Auto Securitization Gears Up

As more and more Chinese gain the financial access to buy a car with a loan, lenders will look increasingly to securitization to keep origination going.

Current Issue