Refine Search
Article Categories
Strategy Tags
- Direct lending (8)
- Emerging markets (23)
- High yield bonds (59)
- Investment grade credit (2)
- Structured credit (2)
- CLO (10)
- Distressed debt (73)
- Leveraged loans (10)
- Synthetic/SRT (80)
Geography Tags
-
Intelsat CDS has no deliverables for an auction, says DC
3 years ago
CDS contracts referencing Intelsat Investments look to have no deliverable obligations, according to the Americas Determinations Committee, making a pay-out to protection buyers unlikely -
JC Penney becomes seventh bankruptcy credit event to hit index tranches
3 years ago
JC Penney has triggered a bankruptcy credit event, the Americas Determinations Committee has ruled -
RBC makes it three CDS auctions in a row after debuting this month
3 years ago
Morgan Stanley and Royal Bank of Canada have been added to the list of participating bidders this week for credit event auctions to settle CDS referencing Ecuador and Diamond Offshore Drilling -
Intelsat triggers bankruptcy credit event
3 years ago
Intelsat Investments has triggered a bankruptcy credit event, the Americas Determinations Committee has ruled -
Morgan Stanley joins bidders for Frontier CDS auction
3 years ago
Morgan Stanley has been added to the list of participating bidders for a credit event auction this week to settle Frontier Communications CDS -
CLOs on lookout as Neiman recovery signals slump and DC confirms credit event
3 years ago
Five-year CDS referencing Neiman Marcus widened by four points to 95.25 points up front, according to IHS Markit, as the Americas Determinations Committee confirmed the US retailer has triggered a bankruptcy credit event -
US retailer bankruptcy spells hit for CLOs and CDX HY tranches
3 years ago
US retailer Neiman Marcus's filing for chapter 11 protection opens the prospect of a fourth credit event in the CDX HY index and a sixth for on-the-run HY tranches, as well as a hit for CLOs -
Whiting CDS heads to auction, with Morgan Stanley joining bidders
3 years ago
The credit event auction to determine Whiting Petroleum CDS takes place today, with Morgan Stanley added to participating bidders and the pay-out to protection buyers expected to be as much as 90 cents in the dollar -
HY tranche traders face another cut as Diamond hits the rough
4 years ago
US high yield index CDX HY has suffered its third constituent credit event in a month, after Diamond Offshore Drilling filed for chapter 11 protection in the Southern District of Texas. This is also the fifth default to hit on-the-run CDX HY tranches -
222 CLOs hold bankrupt telecom firm as its signal fades
4 years ago
CLOs hold $334.5 million debt of Australian telecommunications company SpeedCast International, which filed for Chapter 11 bankruptcy protection in the District of Texas on Friday -
Longview Power turns to coal for handful of CLOs
4 years ago
CLOs hold $43.9 million of the debt of US power company LongView Power, which filed for Chapter 11 in the District of Delaware yesterday -
Frontier bankruptcy dials up pressure for 90 CLOs
4 years ago
Nine CLO managers hold $217 million of Frontier Communications’ debt across 90 CLOs, as the telecommunications company filed for Chapter 11 protection in the US Bankruptcy Court Southern District of New York -
Fortress digests CraftWorks bankruptcy
4 years ago
CraftWorks Holdings filed for Chapter 11 bankruptcy yesterday, with Fortress Investments holding all of the Tennessee restaurant operator's first lien debt - of which over half is in middle market CLOs. The New York-based firm has submitted a “stalking horse” bid to buy CraftWorks' assets -
Correlation rise stokes mezz rally but adds to CSO woes
4 years ago
Below the calm surface of the credit market, correlation has been churning and creating dislocations rich with reward for index tranche traders but complicating bespoke issuance, say sources. -
Rising idiosyncratic risk leads to calls for high yield index tranche fix from traders
4 years ago
As sources of funding dry up for the weakest borrowers in the credit market, some correlation traders are calling for an overhaul of CDX NA HY index tranches to make trades on wide-end dispersion more effective. -
Direct lenders split over best way to manage loan restructuring
5 years ago
Direct lenders are divided on how best to set up internally when dealing with loans that require restructuring. Some managers argue that a deal should be restructured via the original deal team -
Direct lender suspends withdrawals amid large loan default, reports Bloomberg
5 years ago
A borrower comprising 25% of a direct lender's portfolio has defaulted on a loan - leading to the fund suspending withdrawals and redemptions to investors -
Parker Drilling CDS auction deliverables trade in low 50s
5 years ago
There will be two deliverable obligations into an auction to settle credit default swaps referencing Parker Drilling, the Americas Credit Derivatives Determinations Committee has decided -
Seven deliverables valid for Sears CDS auction, as seven others split DC panel
5 years ago
There will be seven obligations deliverable into an auction on 14 November to settle credit default swaps referencing Sears Roebuck Acceptance Corp, the Americas Credit Derivatives Determinations Committee has decided. But members of the 15-strong DC were split over whether to include another seven potential deliverables that did not make the cut -
Strengthen CDS definitions to stop engineered defaults, say lawyers
6 years ago
The likelihood of stamping out manipulation in the credit default swaps market – namely the practice of staging credit events – is remote, say market sources
Want all the latest news, comment, analysis and data?