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Investec creates new team as private credit sees 'phenomenal' growth [ABSTRACT FROM AUTHOR]

Former CIO of Accunia Credit Management joins firm [ABSTRACT FROM AUTHOR]

Aussie asset manager has A$15bn under management in its private credit and asset finance funds [ABSTRACT FROM AUTHOR]

Eagle Point Credit Management, a specialist asset manager focused on investing in CLO securities, has hired Nate Morse as its new head corporate trader. [ABSTRACT FROM AUTHOR]

BlueBay Asset Management has hired a portfolio manager to its structured credit and CLO management team, bringing in Tom Mowl from his previous position as senior portfolio manager at Challenger Investment Partners. [ABSTRACT FROM AUTHOR]

CLO managers have begun to reset their Covid-era deals, slashing liability costs, as illustrated by AGL Credit Management, which shaved 114bp off the margin of a senior tranche originally priced in April 2020. [ABSTRACT FROM AUTHOR]

Danish credit asset management boutique Capital Four is expanding in the US and has hired former MidOcean CLO portfolio manager Jim Wiant to establish and lead the US business. Wiant has been appointed CEO of US Capital Four and portfolio manager. He will be based in the New York office. [ABSTRACT FROM AUTHOR]

Eagle Point Credit Management, a specialist asset manager focused on investing in CLO securities and portfolio debt securities, has hired Seth Weinstein as director of business development, a newly created position. [ABSTRACT FROM AUTHOR]

AGL Credit Management and Palmer Square Capital, among the most active managers in 2020, have returned to the market with new issue deal with five year-reinvestment periods, as tightening pricing lets managers term out their structures. But shorter deals continue to be attractive, especially for mezz buyers. [ABSTRACT FROM AUTHOR]

Cairn Capital, the alternative credit asset management firm in which Mediobanca has a majority stake, has agreed a deal to buy and merge with Bybrook Capital. [ABSTRACT FROM AUTHOR]

AGL Credit Management hired David Preston, the former head of CLO and ABS research team at Wells Fargo Securities laid off by the bank last year. Preston has been appointed on Monday as head of structured credit research at AGL, reporting to CEO and CIO Peter Gleysteen and COO Wynne Comer. [ABSTRACT FROM AUTHOR]

DFG Investment Advisers, a $7.3bn alternative credit investment management firm, has changed its name to Vibrant Capital Partners. [ABSTRACT FROM AUTHOR]

Sculptor Capital Management has promoted managing director Josh Eisenberger to co-head of its US CLO team, overseeing portfolio management and credit underwriting, according to people familiar with the matter. Eisenberger will work alongside Peter Polanskyj, co-head of the US CLO team with a focus on structuring and origination. [ABSTRACT FROM AUTHOR]

AGL Credit Management priced a $526m CLO on Monday, joining a handful of managers that are gradually pushing out reinvestment periods back to the pre-Covid five year standard. [ABSTRACT FROM AUTHOR]

GSO Capital Partners, the credit management arm of private equity giant Blackstone, is rebranding itself as Blackstone Credit, the company announced this week. [ABSTRACT FROM AUTHOR]

BNP Paribas has announced Harvest CLO XXV for Investcorp Credit Management, the second post-Covid CLO issue for the manager. Though its 45% ramping is lower than usual for a new CLO, this allowed the manager to build the portfolio from August, in full knowledge of second quarter figures for the underlying companies. [ABSTRACT FROM AUTHOR]

Investcorp has hired David Moffitt, former head of CLOs at hedge fund LibreMax, as co-head of its US credit management business. [ABSTRACT FROM AUTHOR]

Cabot Credit Management has launched a €300m refinancing following the reorganisation of its corporate structure to combine its balance sheet with its parent Encore Capital and boost the group's financial firepower. [ABSTRACT FROM AUTHOR]

Cabot Credit Management has launched a €300m refinancing following the reorganisation of its corporate structure to combine its balance sheet with its parent Encore Capital and boost the group's financial firepower. [ABSTRACT FROM AUTHOR]

Peter Gleysteen is a 40-year veteran of the leveraged lending market and the CEO and founder of AGL Credit Management, which recently priced the largest CLO since the coronavirus pandemic began. He spoke with GlobalCapital about the future of the CLO market and how it is facing up to the challenges of the Covid-19 crisis. [ABSTRACT FROM AUTHOR]

Investcorp Credit Management announced on Tuesday that it has hired Brian Marshall to its US credit business. [ABSTRACT FROM AUTHOR]

Investcorp's Credit Management business is one of the largest CLO issuers in Europe, with 24 deals under its belt, and a firm focus on the large cap, broadly syndicated market. GlobalCapital spoke to its boss, veteran leveraged finance investor and banker Jeremy Ghose, about how the coronavirus crisis has changed the LBO market, what CLOs will look like in the future, and the grim outlook for direct lending. [ABSTRACT FROM AUTHOR]

ING has hired former European Credit Management portfolio manager Chris Telfer for high yield credit trading, focused on autos and paper and packaging names. [ABSTRACT FROM AUTHOR]

CLOs structured in the post-pandemic world will see tighter documentation, but more flexibility on ratings, as the market adapts to the lessons learned through the Covid crisis and ushers in a new 'CLO 3.0' era for the European market, according to Investcorp Credit Management boss Jeremy Ghose. [ABSTRACT FROM AUTHOR]

Credit Suisse Asset Management's Credit Investments Group raised a $200m fund that will invest mostly in the equity tranches of CLOs, according to people familiar with the matter. [ABSTRACT FROM AUTHOR]

Connecticut-based CLO manager Marble Point Credit Management has priced a $408 million deal via Morgan Stanley. [ABSTRACT FROM AUTHOR]

AGL Credit Management has priced a $602.6m CLO deal, the largest transaction so far in 2020. [ABSTRACT FROM AUTHOR]

Apollo Credit Management priced a whopping $2.14bn CLO on Wednesday, pulling together four older transactions and rolling them into a single refinancing. [ABSTRACT FROM AUTHOR]

Swedish credit management company Intrum completed a €850m issue of new senior notes, priced 3%, increasing the size of the offering from initial €750m. UK-based gambling giant International Game Technology also dipped into the "most issuer friendly market ever" with €500m bond. [ABSTRACT FROM AUTHOR]

Swedish credit management company Intrum and UK-based gambling giant International Game Technology dipped into the favourable markets again with big €750m and €500m issues. [ABSTRACT FROM AUTHOR]

CLO equity investment specialist Eagle Point Credit Management priced an initial public offering of its CLO debt investment vehicle on Tuesday. [ABSTRACT FROM AUTHOR]

UK-based debt purchaser Cabot Credit Management is in the market with an opportunistic refinancing of its 2021 high yield notes, offering a new €310m five year through Morgan Stanley. [ABSTRACT FROM AUTHOR]

Wynne Comer has left Bank of America Merrill Lynch after 12 years and will be taking on a role at AGL Credit Management, the new private credit firm opened in March by CIFC-founder Peter Gleysteen. [ABSTRACT FROM AUTHOR]

Singapore-based internet company Sea has raised $1.35bn after boosting the size of a follow-on offering of American Depository Shares (ADS). [ABSTRACT FROM AUTHOR]

Chinese premier Li Keqiang has told the country's banks they need to increase their lending to small companies. But the details are fuzzy. Pan Yue reports. [ABSTRACT FROM AUTHOR]

Intesa Sanpaolo is set to return to Japan to sell a second series of securities in the Tokyo Pro-Bond market, after opening the market for the first time for Italian issuers in February 2018. [ABSTRACT FROM AUTHOR]

The State of Qatar wowed the financial world on Wednesday with a $12bn three tranche deal that gathered a staggering $50bn of orders. [ABSTRACT FROM AUTHOR]

Two Turkish borrowers hit the market on Thursday, one returning to the market after a six year hiatus. Coming in the wake of a Koc Holding deal this week, the three deals make this Turkey's busiest week for deals in almost three years. [ABSTRACT FROM AUTHOR]

Pearson, the UK educational publisher, has signed a $1.2bn bank facility with a novel margin link to the company's progress in educational reach, but loans bankers say that this increasingly popular form of funding is unlikely to drag the market out of its low volume melancholy. [ABSTRACT FROM AUTHOR]

CYBG is set to meet investors this week to gauge demand for a new additional tier one. With HSBC Holdings also selling a senior bond in dollars on Monday, UK financial institutions are returning to the market for the first time in four months amid fading fears about a worst case scenario for Brexit. [ABSTRACT FROM AUTHOR]

Danish Ship Finance, which has delivered a long term stable return with minimal losses over the last 60 years, according to its senior management, plans to go on the road before issuing its debut euro covered bond. [ABSTRACT FROM AUTHOR]

Crédit Mutuel Arkéa opened books for a new tier two against a strong market backdrop on Monday, as the French financial institution spelled out its desire to maintain high credit ratings and capital buffers. [ABSTRACT FROM AUTHOR]

Jyske Realkredit has mandated leads for the first Danish covered bond of the year. The transaction joins the pipeline alongside two other sub-benchmark deals, this time from Finnish lenders. [ABSTRACT FROM AUTHOR]

Monday kicked off with a full ABS pipeline, with at least nine transactions across auto, student loan, equipment and handset securitizations worth $6bn slated to be priced this week. [ABSTRACT FROM AUTHOR]

The article reports on the financial performance of Credit Mutuel Arkea which offers banking and insurance services to individuals, merchants and companies.

Pemex bond prices slid further on Friday after analysts said Mexican president Andrés Manuel López Obrador's measures to support the state oil giant would not be enough to prevent continued deterioration in its credit quality. [ABSTRACT FROM AUTHOR]

National Thermal Power Corp (NTPC) has become the latest Indian corporation to tap the Samurai loan market, taking advantage of the cheap pricing and abundant liquidity on offer from Japanese banks. [ABSTRACT FROM AUTHOR]

Non-bank lender Kogta Financial and Northern Arc Capital have sold the first Indian dual recourse bond secured on auto loan receivables. [ABSTRACT FROM AUTHOR]

France's EDF has extended and amended its €4bn revolving credit facility to link it to environmental, social and governance (ESG) standards, as green-centric loans continue to gain traction among borrowers. [ABSTRACT FROM AUTHOR]

UniCredit paid a hefty price for hitting the market this week, but it will also stand to reap the rewards. [ABSTRACT FROM AUTHOR]