Banks bids on trups CDOs
A major US bank bid aggressively on a Trups CDO auction of three Pretsl deals earlier this week, but the bonds traded to other parties

Car auction company gets heavy with lenders
A widely held loan issuer is at loggerheads with its senior lenders over its plans to pay down unsecured debt with the proceeds of an upcoming IPO

Manager plans $300 million CDO liquidation
A New York-based asset manager is preparing to liquidate a $750 million CDO of ABS next week, including a sizeable number of CDO holdings

Senior investor buys back most of ABS CDO liquidation
The super senior investor was the major buyer of 26 ABS CDO bonds from its own Millstone Funding CDO, which was liquidated last Tuesday

Prop desk spurns low bids on triple B CLOs
A proprietary trading desk kicked backed bids on nine of 11 CLO bonds it was seeking to sell through a b-wic last Tuesday

Mooted sale may herald start of CLO manager consolidation
Market sources say that an owner's reported plans to its CLO management unit could be a first indication that the pace of CLO manager consolidation is picking up

Crossover rally presents defensive trade opportunities
iTraxx Crossover has again opened tighter today, rallying a further 4bp to 562bp

Canwest files for creditor protection after long battle
Canwest Media, the parent company to the National Post in Canada, announced today that it obtained an order for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) from the Ontario Superio Court of Justice to launch a pre-packaged financial restructuring.

CDO liquidation unleashes early vintage assets
A $1 billion notional high grade ABS CDO starts liquidating its pool of 26 2004 and earlier cash and synthetic CDOs today

Market absorbs heavy flow of secondary CDOs
At least seven CDO b-wics hit the market last week, including two forced liquidations, as market participants look ahead to continued flow of bid lists this week

CDO auction pipeline continues to build
At least four secondary CDO auctions are lined up for the first part of this week, comprising an equal mix of mezzanine CLOs and low rated resecuritisations

European bank sells off $1.2 billion of CDOs
Just ahead of the end of the third quarter, a Dublin-based bank conducted a $1.2 billion private auction last Wednesday (30 September) from its ABS CDO portfolio

Bank pays up for CLO mezzanine
Investment banks are continuing to suck up CLO bonds in auctions, buying assets ranging from triple A to double C at a heavy and steady pace

CDO-squared liquidation produces large number of trades
A New York-based money manager liquidated a CDO of CDOs at 1pm on Tuesday with the majority of the pool trading

Rallying ThyssenKrupp still a buy, say analysts
Amid a rallying credit market, triple-B minus-rated ThyssenKrupp is one of today’s actively traded European names and has tightened some 30-35bp

Emerging market salesperson resurfaces at bank
An emerging market salesperson returns to former employer

Credit spotlight - surviving the cuts
Revenues have been slashed but some forestry and paper companies are still standing

Viewpoint - A new world is in sight
Mark Hale predicts a short-term correction but is optimistic that structured credit will see a broad revival next year

Heavy redemptions may fuel issuance
A comparison between corporate redemptions and issuance levels gives an insight into how much more demand can be expected for issuance in the coming months, researchers say

Pamplona ready for ‘tremendous opportunities’ in Europe
At a time when many fund managers are still struggling to raise capital for credit hedge funds, one London-based fund manager should be the envy of many

Bondholders say Wind Hellas is trying to wipe them out
Bondholders in a Greek telecoms company are furious over what they see as the company’s efforts to subordinate their interests to those of equity holders