CDOs

News

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.

Fitch: Insurance Companies Increasing Allocations to CLOs

CLOs represented 33% of insurers' total portfolios of asset-backed securities at year-end 2013. That’s up from 21% in 2012 and 18% in 2011.

SEC to Vote on More Loan-Level Disclosure

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.

CLO Activity Dials Down in U.S., Europe

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, Saranac Add Two CLOs Totaling $887M to Pipeline

KKR is prepping a $500 million deal led by Credit Suisse; Saranac's is for $387 million and is led by Jefferies.

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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