Trustee sets date for CDO-squared liquidation
New York-based manager appointed to manage liquidation

Large CLO mezz positions set for sale at CDO liquidation
A CDO of CDO manager's 2006 vintage CDO will be liquidated on Tuesday at 1pm New York time.

HY and LCDX tranches set for trading convention changes
Following today’s roll of credit indices, tranches of incoming CDX IG13 are set to begin trading on Wednesday (23 September), say traders

Crossover roll defies 'fair value' predictions
Today’s roll of iTraxx Crossover into series 12 has thrown many participants by trading substantially wider than fair value predictions

Investors snap up rare 2002 CLO senior
Just under $100 million of triple A CLO notes changed hands in the most recent auction of these bonds, say market sources

Long-short redemptions hit credit manager
London-based credit specialist BlueBay Asset Management said today that its long-short assets under management fell by 52% in the year ending June 2009 to $2.8 billion as a result of $1.5 billion of net redemptions and a $1.5 billion fall in value

Trups CDO auction heralds large supply ahead
The largest visible auction of first-pay trups CDOs positions this year has bids due today (17 September)

Traders plot roll effects of iTraxx name changes
With Markit having announced constituent compositions for series 12 of iTraxx Europe, HiVol and Crossover indices, traders and strategists alike have begun work to predict how these will trade against the outgoing series on Monday’s roll

CLO secondary market absorbs heavy supply
The hundreds of millions in US cash CLO supply since the start of September have yet to move CLO bond prices significantly, according to sell-side traders

Barclays offloads $12 billion of structured assets to insiders
Within the last hour Barclays Bank has announced that it is selling $12.3 billion of structured credit assets to a new firm set up by two Barclays officials

CLO list brings few sales as manager waits for better offers
A highly regarded CLO manager put out a bid list of CLO paper on Monday, but ended up selling only a handful of the upper mezzanine bonds

World’s largest CDO equity holder starts selling
An institution that is thought to be the world's largest holder of CDO equity has started to sell part of its behemoth portfolio, according to well placed market sources, amid signs that holders are increasingly willing to sell into the growing demand for CLO equity

Corporate new issuance continues apace
New issuance kicks off in third week of September.

Ukrainian gas company to undergo debt restructuring
Ukrainian gas company Naftogaz announced today that it will be beginning bilateral negotiations with creditors this week about restructuring its debt.

Auction shows continued demand for CLO triple As
A bid list of five upper mezzanine CLO bonds resulted in higher than expected prices on Thursday, suggesting that demand for high quality CLOs in the secondary market continues to remain strong

Broker-dealer wins large CDO liquidation mandate
A New York-based firm has won the mandate to manage next week’s liquidation of a $2.5 billion structured finance CDO, according to market sources

Manager seeks to offload CLO tranches
A CDO manager has put out its own bid-wanted-in-competition list for today at 11 am New York time comprising a series of bonds managed by respected CLO managers

Buyers snap up selected secondary CLOs
Sellers of CLOs in the secondary market hit a mixed response last week, with some positions getting snapped up, while others failed to attract desired levels

Distressed buyer secures 40 cents payback on senior CDO notes
The senior investor in Mantoloking CDO 2006-1, a CDO of ABS that was recently liquidated, received 40% of the face value of the notes from the sale of assets according to an announcement by Moody’s yesterday