Prop desk auctions 2000 vintage mezz as CLO bid lists continue
A New York-based investment bank proprietary trading desk is circulating a three-name CLO bid-wanted in competition list

CDO liquidates its CLO holdings as auctions start to wind down
The CLO bucket from Church Tavern’s Saturn Ventures II CDO will liquidate today at 10am New York time

Mast owner offers “measly” fee for revolver amendment
Investors complain that a double B borrower is offering investors poor terms to agree to changes in their credit agreement

Mid-market manager scores 2009 first with "brand new" CLO
Further details have emerged of the new issue CLO printed by mid-market loans specialist NewStar Financial this week

Fixed recovery CSOs braced for hit from latest restructuring
A panel of lawyers decided yesterday that Mexican cement maker Cemex triggered a restructuring credit event back in August 2009

CLO portfolio liquidation meets strong demand
December normally is a month when bond prices drop and CDO buyers wait for desperate sellers. This was not the case last Wednesday when a CDO squared liquidated its portfolio of CLOs

S&P adds one name to CLOs' triple C bucket and removes another
Standard & Poor’s followed Moody’s lead in downgrading a widely held CLO constituent into the triple C category

CLO trades above par as liquidation whets investor appetite
The liquidation of the Tricadia CDO 2004-2 CDO squared on Monday surprised traders with its unusually strong year-end participation

Buyers shun double A CLOs in reach for yield
Senior traders report that investors are pulling back from buying double A CLO paper, preferring other parts of the capital structure

CDOs set to liquidate on Thursday
A large high-grade ABS CDO and a CDO of CDOs are slated to liquidate on Thursday buyside sources say

Water treatment company to call €200 million notes at par
Water treatment company Nalco has announced that it is calling its €200 million 7.75% senior 2011 notes at par

US regional bank dumps trups CDO portfolio
A US regional bank is cutting its losses on 24 trups CDO investments after several large dealers declined to buy the whole portfolio of battered bonds

Large portfolio of CLO mezz set for liquidation on Monday
Mezzanine CLO bonds will be sold on Monday with the liquidation of a CDO of ABS

Seller hits CLO equity bid as most holders wait for new year rally
CLO secondary buyers saw all but one bid knocked back in two auctions of CLO equity and mezzanine bonds on Tuesday, reflecting the increased reluctance of holders to sell before an expected new year rally

Index provider goes un poco loco with coco yo-yo
The emergence of a new breed of bank capital instruments caused controversy in the world of bond indices last month

Morgan Stanley hopes Phoenix CDO can take flight
A mooted new issue CSO shows the shape of future issuance

Large CLO portfolio set for liquidation next week
A 57 security forced liquidation of a cash flow CLO of CLO could motivate the controlling investor to buy back a sizable portion of a relatively attractive pool say traders close to the matter

Six Flags restructuring debate heats up with new proposal
A group of senior note holders of bankrupt theme park operator Six Flags said yesterday that it has submitted to its board of directors an alternative reorganisation proposal

Casino operator files for chapter 11
Casino operator Majestic Star Casino filed for chapter 11 bankruptcy yesterday at the US bankruptcy court for the district of Delaware.

US manager rejects bids as CLO prices falter
A major US CLO manager’s 20 item auction resulted in only four bonds trading on Wednesday

CLO equity trades as appetite for risk remains strong
A four line auction list of CLO equity positions was offered on Thursday with three of the four items trading

CLO seniors spreads soften, say traders
A high quality list of mostly 2004-2006 US CLOs that auctioned yesterday (18 November) indicated to at least one trader that senior triple A prices are softening this week