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Issuers
TCW will spin out debt business, reports Los Angeles Times
Wednesday, July 28, 2010
The Los Angeles Times reports that TCW has agreed to spin off its debt business as a separate business. The unit, to be named Crescent Capital, will manage $11.5 billion of debt investments, according to the article. The business is thought likely to include the New York-based loans team which manages a number of CLOs.
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CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
