Issuance of European syndicated corporate leveraged loans stands at record $53.7 billion for the year to date, according to Dealogic.
CLOs represented 33% of insurers' total portfolios of asset-backed securities at year-end 2013. Thats up from 21% in 2012 and 18% in 2011.
The revisions would require asset-backed issuers to provide enhanced disclosures including information for certain asset classes about each asset in the underlying pool in a standardized, tagged format and revise the shelf offering process and eligibility criteria for asset-backed securities.
Moody's Investors Service assigned provisional or definitive ratings to seven deals totaling $3.4 billion during the week ended Aug. 15; in the secondary market, bids wanted in competition totaled $250 million.
KKR is prepping a $500 million deal led by Credit Suisse; Saranac's is for $387 million and is led by Jefferies.
The limited number of buyers able to write big tickets allows them players to dictate terms.
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.
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.
DFG Taps Goldman Vet, Barclays Bulks Up on CMBS, Ares Adds Jeffrey Kramer and the ASF Retains Mike Williams as Policy Adviser
A shift in the leveraged loan market has intensified grumbling among CLO managers about the way Standard & Poors rates the senior tranches of these deals.
Vice President of Regulatory Compliance
Firm: Clayton Holdings
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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