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

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

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

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.

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

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)

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.