Points up front: Benefits of being unethical
Investing ethically is increasingly becoming part of a credit manager’s mandate, with environmental, social and governance (ESG) strategies all the rage.

Natixis prices second muni-project securitisation of year
Energy Efficient Equity (E3) priced its inaugural 'property-assessed clean energy' (Pace) deal today via Natixis    

Diameter becomes first firm to jump into CBOs without taking a step in CLOs
Diameter Capital Partners has joined the small group of firms who manage CBOs, it has emerged

High yield bonds regain lost ground

Gateway sees an opening for CDOs with flexible mandates
Gateway Credit Partners is taking an unconventional route towards building a corporate credit management platform by creating its business around CDOs

Moving on from the late 2018 hangover
It might be too early to call a full recovery, but it’s fair to say that the US loan market is back on track with $48 billion of institutional issuance in 2019 — 88% of which is made up of new issues

Palmer Square shows it's not afraid of experimenting as it prices debut CBO
Palmer Square - the market leader for static CLOs - has tried its hand at a new structure by pricing its first CBO

Anchorage prices 2019's first CBO with seniors at 4.62%, halving basis with CLOs
Anchorage Capital Group priced 2019’s first CBO yesterday, naming the $300 million deal Anchorage Credit Funding 7

Retail fund pain is a CLO manager’s gain
Retail funds dumped loans in record volumes late in 2018, creating ideal conditions for CLOs to capitalise with performing credits available in the mid-90s for the first time in years

Loan volumes fall in Europe but rise in US
European CLO managers seem to be eating into the loan market with more appetite than their, US counterparts, who are perhaps spoiled for choice. But background risks lurk in both markets

On cloud nine: GSO prices $616 million Cirrus deal in debut CBO
The world’s largest CLO manager entered the collateralized bond obligation market on Friday

Brigade prices triple Bs tight of double As with second CBO of 2018
Brigade Capital Management priced its second CBO of the year on Friday named Brigade Debt Funding II

Emerging market credit manager eyes CBO in $293.75 million deal
A Florida-based manager has hired Jefferies to arrange an emerging market CBO

Canadian pension fund launches inaugural green bond
The Toronto-headquartered pension fund has become the first ever pension fund to issue a green bond

Fortress produces $1 billion quasi-CBO
Fortress Investments has produced one of the biggest quasi-CBOs since the financial crisis after pricing FDF IV at $1,018.8 million on Friday.

Libor rise gives timely boost to US loan yields
Competition for US loans among CLOs, ETFs and mutual funds is keeping margins in check. However, the 60bp increase in Libor in Q1 means there’s still reason to pile into the loan market

GreensLedge and Natixis unite again to arrange debut CBO for NY manager
A New York-based manager has entered the CBO market for the first time, pricing a $408.1 million transaction via GreensLedge and Natixis

Anchorage hooks itself a new issue CBO
The manager has launched the fifth in its series of CBO deals, according to market sources

Spotlight: Local exchange carriers - calling for rescue on the M&A hotline
Growth-starved US phone companies are seeing consolidation as the best way to improve performance