The latest generation of European CLOs may expose investors to a risk that didnt exist in most pre-crisis deals: fluctuations in foreign exchange rates.
Loan extensions create risks for investors in older European collateralized loan obligations.
Blackstone/GSO Debt Funds is marketing a 403.55 million collateralized loan obligation, the region's third since the financial crisis.
Cantor Fitzgerald said today it has added four structured credit professionals and is planning expand the business to underwrite new collateralized loan obligations in the U.S. and Europe.
Both Jules Kroll from Kroll Bond Ratings and Martin Hughes from Redwood Trust see merit in a system of ratings rotation.
The first three European CLOs to price since the financial crisis were structured to ease investor worries, and their successively tighter spreads suggest thats happening.
Deal economics are improving, trumping regulatory challenges and a shortage of collateral
A debate over using loans with weak covenants as collateral and other buzz from Information Management Network's Second Annual CLO Conference.
While the securitization industry has faced countless adversaries over the past several years, much of the drama last month came from within. Early in March, simmering tensions at the American Securitization Forum (ASF) finally hit the boiling point, with a number of board members resigning in a dispute over management with executive director Tom Deutsch. In a quick overview of what happened, Felipe Ossa hones in on the Structured Finance Industry Group (SFIG), a new trade
Banks are expected to start buying riskier portions of collateralized loan obligations in response to a deposit-insurance rule change that takes effect this month.