- Direct lending (4)
- High yield bonds (4)
- Investment grade credit (2)
- Structured credit (13)
- CLO (7)
- Credit derivatives (8)
- Leveraged loans (8)
- Marketplace lending (1)
- Real assets (2)
Correlation rise stokes mezz rally but adds to CSO woes10 days 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.
Bifurcation in loan market will continue in 2020, says MUFG17 days ago
Bifurcation in the leveraged loan market, a trend that dominated the market in 2019, looks set to continue in 2020, according to MUFG’s co-head of debt capital markets Jeffrey Knowles
Euro loan trading: CLO managers find a home for building specialist's downsized loan1 month ago
CRH Europe issued a €700 million term loan B in November, which was downsized from €900 million. But still, it has proved popular with CLO managers with CLO-i indicating that CLOs bought €275.2 million of the loan
Falling correlation reignites passion for index tranche trades2 months ago
Dispersion in the global corporate credit market is rekindling interest in correlation trading, with dealer sources reporting that a late surge lifted 2019 index tranche volumes to $250 billion.
Rising idiosyncratic risk leads to calls for high yield index tranche fix from traders3 months 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.
Värde taps growing CRE CLO market for the third time4 months ago
Värde Partners closed a $627 million CRE CLO last week via Goldman Sachs
US loan trading: Sinclair loans dominate the airwaves as CLOs tune in5 months ago
Sinclair Broadcasting Group and Diamond Sports – both subsidiaries of issuer Sinclair - worked their way into CLO portfolios in July, with 91 managers purchasing $1.42 billion of the loans in July
Five-year bespokes movement leads to managed CSO talks5 months ago
Longer dated synthetic bespoke tranche business could soon receive new impetus, with dealers and investors ramping up talks about re-establishing managed portfolios as a common feature of the CSO market.
Upper mid-market yields value on price and leverage7 months ago
Direct lenders are getting access to greater deal flow in the upper middle-market with private equity sponsors leaning towards private credit after a torrid end to last year in the broadly syndicated loan market.
UK transitions to post-Libor era with array of Sonia-linked deals7 months ago
The UK’s structured finance market has moved to swiftly embrace the daily compounded benchmark Sonia (Sterling overnight index average) ahead of the 2021 phase out of Libor.
WhiteRock's Dolfino: "PE deal flow is down, deal sizes are up and spreads are compressing" [video]7 months ago
WhiteRock Capital Partner's Gustavo Dolfino talks to Creditflux's Michelle D'souza after his M&A presentation at the Creditflux Debtwire US Mid Market Forum
European loan trading: CLO managers snack on Ifco loans7 months ago
35 CLO managers were holding €364.2 million €364.2 million of IFCO’s loans in April – all at par
Natixis prices second muni-project securitisation of year7 months ago
Energy Efficient Equity (E3) priced its inaugural 'property-assessed clean energy' (Pace) deal today via Natixis
Index tranche levels spike as investors advance into equity9 months ago
Trading of credit index tranches is picking up, with some $61 billion worth changing hands in the space during the first quarter, according to data from the Depository Trust & Clearing Corporation
Bespoke gains pull CLO buyers as market tipped to hit $100bn10 months ago
Synthetic bespoke issuance could catch up with the more visible CLO market this year, say structured credit specialists
Europe’s ABS market gets over STS road bump with VW deal10 months ago
After months of waiting, Europe’s securitisation market saw the first ever deal to be structured as a Simple, Transparent & Standardised (STS) securitisation.
Trups CDO spreads shift wide of late 2018 levels as EJF produces $314 million deal1 year ago
Trups CDO spreads have widened since the end of last year – much like corporate credit spreads – after EJF Investments priced its sixth securitisation of financial company debt.
Spanish bank prices €972 million SRT with triple As paying 31bp1 year ago
Cajamar Caja Rural, based in southern Spain, has priced a €972.1 million significant risk transfer (SRT), according to market sources
Neiman Marcus loan slumps amid debt restructuring talks1 year ago
The luxury fashion retailer’s $2.95 billion cov-lite term loan B, due October 2020, traded down 1.65%, according to IHS Markit
African Development Bank prices landmark $1 billion SRT1 year ago
The market for significant risk transfer (SRT) deals has taken another step forward with a first-of-its-kind deal, which has been originated by the African Development Bank
Price talk circulates on new Moca marketplace lending securitisation2 years ago
P2P Global Investments has announced initial price thoughts for its second securitisation of marketplace lending loans from the Zopa platform
Debtwire euro ABS round-up: Dutch RMBS takes centre stage in primary2 years ago
All eyes are on a Dutch RMBS, which is the lone transaction in the immediate pipeline in the European ABS market this week
Debtwire European ABS round-up: Dutch RMBS enters pipeline2 years ago
The primary market for European ABS transactions has slowed down with one visible deal in the pipeline – Elan’s Dutch RMBS, EDML 2017-1
Debtwire European ABS round-up: pipeline fills with Dutch ABS and RMBS2 years ago
A range of niche securitisations are in the European ABS pipeline, according to a report by Debtwire, Creditflux’s sister publication
Credit hedge fund manager adds quote parser4 years ago
Paris-based credit fund manager Hellebore has gone live with a second piece of in-house technology aimed at helping the firm better manage CDS pricing
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