-- Created using PowToon -- Free sign up at http://www.powtoon.com/ . Make your own animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 9966 Rachael Lau
Professor Philip Rawlings introduces the Law of International Finance: Syndicated Loans course. Law of International Finance: Syndicated Loans Modules: • Module A: Capital markets, finance and the loan contract • Module B: Terms of the contract Part I • Module C: Terms of the contract Part II • Module D: Syndicate management and loan transfer Find out more about this course here: http://www.londoninternational.ac.uk/courses/postgraduate/llm-postgraduate-laws-llm-postgraduate-diploma-postgraduate-certificate#structure Find out more about the course convenor Professor Philip Rawlings: http://www.law.qmul.ac.uk/staff/rawlings.html
Views: 5000 University of London Postgraduate Laws
How can a private equity firm undertake one of those huge LBOs you hear about, while leaving the target company with the borrowed debt that has to be repaid? Leveraged Finance, of course. In this video, master explainer Paddy Hirsch details how these transactions work, what kind of debt is entailed, and who, at the end of the day, is left holding the bag (of money). More videos from Paddy: What is a leveraged loan? http://www.leveragedloan.com/primer/#!whatisaleveragedloan What is a high yield bond? http://www.highyieldbond.com/primer/#!what-is-a-high-yield-bond More on Paddy (nice specs btw, Paddy): http://www.paddyhirsch.com/ Check out LCD's awesome, free Leveraged Loan and High Yield Bond Primers! www.leveragedloan.com www.highyieldbond.com
Views: 16906 LCDcomps
The term international, in the syndicated loans and bonds, entails multiple laws, forums and jurisdictions. The conflict of laws, in such a case, is natural. Combination of laws, given their different approaches, is not a workable proposition. Harmonization of financial laws at international level is still an idealistic suggestion. So, to form, interpret and execute the international contracts, there is a need to adopt a single system of law. This, the parties to a contract can choose at the time of the concluding of the contract.
Views: 17 Law Unbreakable of the Universe
The term international, in the syndicated loans and bonds, entails multiple laws, forums and jurisdictions. The conflict of laws, in such a case, is natural. Combination of laws, given their different approaches, is not a workable proposition.
Views: 5 Law of the Land
In this video we have explained about consortium finance, loan syndication and multiple banking system and the major difference among these types of finance arrangement of banks. -~-~~-~~~-~~-~- Please watch: "banking and financial awareness for bank exams December 17 | IBPS Clerk | RBI Assistant | # PT-1" https://www.youtube.com/watch?v=BLU-RWG3Qsw -~-~~-~~~-~~-~-
Views: 8053 BANKING SUTRA
Careers in Debt Capital Markets (DCM) @ BNP Paribas CIB BNP Paribas Corporate & Investment Banking At BNP Paribas CIB, the DCM division includes : * energy & commodity financing * export & trade finance * media & telecom finance * real estate finance * leveraged finance * loan syndication & trading (securitized loans) * shipping finance * optimization & structured leasing * project finance. The bank of choice for issuers Corporate, financial and public-sector issuers worldwide have chosen BNP Paribas as their partner in the international capital markets. Our broad-based strength includes: - Investment Grade & High Yield - Financial Institutions - Sovereigns, Supranationals & Agencies - Hybrid Capital BNP Paribas is quite new in securitization and fixed income but has the potential to become a market leader on its way.
Views: 16377 QUANT GEN
A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as arrangers. The syndicated loan market is the dominant way for corporations in the U.S. and Europe to top banks and other institutional financial capital providers for loans. The U.S. market originated with the large leveraged buyout loans of the mid-1980s, and Europe's market blossomed with the launch of the euro in 1999. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 6136 Audiopedia
Capital markets are one of the most fascinating areas of investment banking. Companies need these services when they are about to go public or want to issue debt sold to the public. When a company wants to raise equity, we talk about ECM, standing for Equity Capital Markets, and when it wants to raise debt, we talk about DCM, standing for Debt Capital Markets. On Facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On Twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers
Views: 100789 365 Careers
Panel I: Funding corporate growth in 2018 - Bonds/loans/private placements - Challenges to obtaining bank financing: how favourable is the bond market as an alternative? - How will new administrations in Latam impact financing strategies? The Euromoney Latin America Syndicated Loans Conference 2018
Views: 11 Euromoney Conferences
Samer Jumean, Head of Financing and Capital Markets at Emirates Global Aluminium discusses the syndication strategy taken on the company's landmark US$4.9bn 7-year syndicated facility (February 2016). Samer talks about how the company was able to fund the development of a new aluminium refinery in Abu Dhabi, consolidate and shift existing debt up to the holding company level, as well as diversify its sources of funding. This transaction was nominated for an award at this year's Bonds, Loans & Sukuk Middle East Awards, which recognises outstanding achievement and celebrates excellence in the Middle Eastern and Islamic Capital Markets. To see a full list of this year's nominees, please visit http://www.bondsloans.com/news/article/797/bonds-loans-sukuk-middle-east-awards-the-fina To find out more about the Bonds, Loans & Sukuk Middle East Awards, please visit http://www.gfcmediagroup.com/middle-east-awards/
Views: 557 Bonds & Loans
Leveraged loans, explained by Paddy Hirsch: Seniority, security, and why those participating in the market hope for a profitable yet less-bumpy investment ride. For more news, analysis, and trends on the leveraged loan market check out http://www.leveragedloan.com, a free site powered by S&P Capital IQ/LCD to promote the asset class. LeveragedLoan.com also features the Leveraged Loan Market Primer/Almanac, a free guide detailing quarterly market and historical trends, as well as market mechanics. http://http://www.leveragedloan.com/primer/ Follow LCD Twitter http://www.twitter.com/lcdnews Facebook https://www.facebook.com/lcdcomps LinkedIn https://www.linkedin.com/grp/home?gid=2092432 Follow Paddy Hirsch http://www.twitter.com/paddyhirsch
Views: 20849 LCDcomps
GFC - Global Financial Conferences catches up with Teymur Abasguliyev, Group CFO of SOCAR Turkey Enerji̇ after they won an astounding 3 awards at the Bonds & Loans Awards Turkey 2014. Teymur explains what winning the Project Finance Deal of the Year, Trade and Export Deal of the Year and Syndicated Loan Deal of the Year at the Bonds & Loans Awards Turkey 2014 ceremony means to him and his colleagues at SOCAR..
Views: 910 GFC Media Group
(www.abndigital.com) The Kenyan Treasury has said that it would pay 7% interest on syndicated loans, and this has been termed as a "bargain" compared to the cost of raising money from the domestic market. For more on this, ABN's Alishia Seckam crosses to our studio in Nairobi to speak with Paul Mwai, CEO of AIB Capital.
Views: 879 CNBCAfrica
Bonds, Loans & Sukuk Middle East is the only event that brings together issuers, borrowers, investors and bankers to discuss the developments of local and international bond, syndicated loan and sukuk markets. Over 900 delegates attended this year's conference making it the Middle East's largest corporate and investment banking event.
Views: 1245 GFC Media Group
Visit us at www.thewealthsyndicate.com to get started creating your pathway to wealth.
Views: 49 The Wealth Syndicate
Here we explain the fundamentals of syndicated bank loans and why they may be attractive to investors looking to reduce interest rate risk and diversity a fixed income portfolio. For more information, visit http://pimco.com Follow us for insights on economies, markets and investing: Twitter: https://twitter.com/pimco LinkedIn: http://www.linkedin.com/company/pimco Facebook: http://www.facebook.com/pimco Blog: http://blog.pimco.com Terms and conditions: pimco.com/socialmedia
Views: 532 PIMCO
Kenya's government is rising just over 1-billion-dollars through syndicated loans as it seeks to plug a widening budget deficit. According to Treasury Principal Secretary, Kamau Thugge, PTA, a trade-finance bank based in Burundi, has already disbursed $100 mln, and a further $150 mln will be received shortly. Thugge didn't immediately comment on how the state will raise the remaining $495 mln, however analysts expect that the remainder could be raised from multilateral lenders and development finance institutions. Kenya's government outlined plans in last year's budget to raise $1.5 bln from external sources in the fiscal year through June. The financing will also help the central bank shore up its foreign-currency reserves and may stabilize a depreciating currency. The World Bank has estimated Kenya's financing gap at 9.6 percent of gross domestic product in the 2016-17 financial year, from 7.2 percent in 2015-16.
Views: 190 CGTN Africa
Bank loans Bank loans, leasing or hire purchase agreements are in most cases better suited to larger longer-term purchases, such as investment in plant and machinery, computers or transport. Bonds and mini-bondsBank loans Bonds – retail bonds or corporate bonds – are a way for companies to borrow money from investors in return for regular interest payments. Click here to call us to find out more about financing your business: https://ask.cloudaccountingni.com/call-us Or try asking our chatbot, CLaiRE: https://ask.cloudaccountingni.com/chatbot
Views: 30 Cloud Accounting LLP
Question time: Latin American banking and finance - Regulation and politics: 2018’s various elections, impact on finance - Investor activity - Bonds vs loans - US, NAFTA, Trump - State of local banks The Euromoney Latin America Syndicated Loans Conference 2018
Views: 22 Euromoney Conferences
EMEA syndicated lending slumped 32% in 2012. The Loan Market Association's Clare Dawson reveals where growth opportunities lie in an uncertain market & the documentation requirements for new entrants For more of IFLR's 30th anniversary coverage see http://www.iflr.com/30th-anniversary
Views: 933 Lucy McNulty
LSTA: Syndicated Loan Market | Loan Trading A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as lead arrangers. Thanks for watching and stay with us. Please Like, comment, Share more and more. Subscribe our channel for getting more helpful, amazing and enjoyable videos.
Views: 493 Firefly Online Education
Bonds, Loans & Sukuk Middle East 2016 is the Middle East's largest corporate and investment banking event. Bonds, Loans & Sukuk Middle East is the only event that brings together issuers, borrowers, investors and bankers to discuss the developments of local and international bond, syndicated loan and sukuk markets.
Views: 880 GFC Media Group
PINC's long-standing http://www.pinc.co.in/services/debt-syndication-loan-syndicator-advisory.aspx relationship with driving players in the household and worldwide giving space empowers us to execute substantial obligation syndication ventures. We have been instrumental in driving obligation syndication programs crosswise over commercial enterprises like assembling, steel, concrete, FMCG, base, land, cordiality, tourism and social insurance.
Views: 425 PIONEER INVESTCORP
Three markets represent different ways to trade credit risk: corporate bonds, syndicated loans, and credit default swaps. Nina Boyarchenko links participants in each to create a more complete picture of how intermediaries assume and distribute credit risk. If you experience technical difficulties with this video or would like to make an accessibility-related request, please send a message to [email protected]
Views: 423 Becker Friedman Institute at UChicago - BFI
With over 550 senior-level decision makers in attendance, Bonds, Loans & Sukuk Turkey is the only conference bringing together issuers, borrowers, investors and bankers to discuss the developments of local and international bond, syndicated loan and sukuk markets. It is the perfect platform to engage in real business deals, and to discuss the latest developments in Turkey's debt capital markets.
Views: 669 GFC Media Group
Learn more 27 jun 2008 syndicated loan is a form of business in which two or lenders jointly provide loans for one borrowers on the same terms there might be cases when person requires huge amount particular project. It has indeed been a great learning, experiencing and working under him during 13 oct 2015. The amount of one syndicated loan is so big such that lender cannot fund b loans are funded by commercial banks and other eligible financial institutions with adb acting as record. A syndicated loan is one that provided by a group of lenders and structured, arranged, administered or several commercial banks investment practice in which each lend an amount money to borrower at the same time for purpose. The banks participating in the loan syndication modules of oracle flexcube address operations a bank or financial institution that enters into contracts with definition syndicated large arranged jointly by two more institutions to share risk involved. Loan syndication investopediawhat is the difference between loan and a consortium definition & example investinganswersloan financial of syndicationwhat syndicated loan? Definition meaning in cambridge english dictionaryloan 3 types loans webasian development bankloan slideshare. However, market flex became a tool either to increase or decrease pricing of loan, based on investor demand. The borrower could be a corporation, large 28 nov 2014 these multiple banking arrangements are very similar to loan syndication, although there structural and operational differences between syndicated wikipedia en. What is the meaning and process of loan syndication? Loan syndication 1 youtube. A direct adb loan (a loan) is required in 15 jul 2013 nishikant jha who guided me the study of syndication. Wikipedia wiki syndicated_loan url? Q webcache. In such syndicated loans are debts issued by a consortium of lenders to sole borrower. Googleusercontent search. Because of market flex, a loan syndication today the growth syndicated loans in europe over last few years means that many companies now view them as alternatives to bond issuance programme. Tamboli pirens technical campus, loni mob loan syndication is a lending process in which group of lenders 17 jul 2015 are you trying to understand the. Sometimes this amount might mean a high risk to single lender. Loan syndication investopedia the process of involving several different lenders in providing various portions a loan. Also called multibank credit or loan syndication meaning, definition, what is an agreement between a group of banks to share the risk large. A syndicated loan primer lcdtreasury today. Read the blog to understand what loan syndication is and how apply for a syndicated 22bezen 2010. Loan syndication most often occurs in situations where a borrower loan offered by group of lenders (called syndicate) who work together to provide funds for single.
Views: 346 Wen Wen
The term international, in the syndicated loans and bonds, entails multiple laws, forums and jurisdictions. The conflict of laws, in such a case, is natural. Combination of laws, given their different approaches, is not a workable proposition.
Views: 3 Law of the Land
High Yield Bonds and Senior Loans are below investment-grade debt, but senior loans may provide yield with less risk than fixed income. While high yield has its place in portfolios, learn why OppenheimerFunds favors senior loans: http://bit.ly/2fzjokm
Views: 1245 OppenheimerFunds
The government has today signed an agreement to borrow estimated 50b shillings from the international market effectively putting Kenya in a better position to float its much awaited sovereign bond. Finance minister Njeru Githae who signed the financing agreement with three international banks said the funding will ease pressure on domestic borrowing and compel local commercial banks to lower their lending rates. Denis Otieno has that report.
Views: 289 Kenya CitizenTV
Donal Breen, Chief Financial Officer at OSN and Walid Amri, Director of Corporate Finance at Mashreqbank dive into the strategy that helped drive the company's US$400m 5-year syndicated loan to a successful close. Donal and Walid shed light on the company's key objectives for the transaction, and how OSN managed to leverage its strong relationships with banks to lock-in a structure balancing its long and short-term needs. This transaction was nominated for an award at this year's Bonds, Loans & Sukuk Middle East Awards, which recognises outstanding achievement and celebrates excellence in the Middle Eastern and Islamic Capital Markets. To see a full list of this year's nominees, please visit http://www.bondsloans.com/news/article/797/bonds-loans-sukuk-middle-east-awards-the-fina To find out more about the Bonds, Loans & Sukuk Middle East Awards, please visit http://www.gfcmediagroup.com/middle-east-awards/
Views: 351 Bonds & Loans
America's medium-sized companies employ 30 percent of the domestic workforce and comprise the world's fifth-largest economy in themselves, with $4.3 trillion in combined revenue. Yet as large and prosperous as they are, they face a growing financing deficit. Middle-market companies don't qualify for the options employed by major corporations, like syndicated wholesale loans, high-yield bonds or public equity capital, yet have outgrown the credit options offered by community banks to finance ongoing operations, fund expansion plans or launch other strategic initiatives. The global financial crisis exacerbated the problem because it spurred more stringent regulations and consolidation in the banking sector. This shifting landscape, however, also creates an outsize opportunity for investors looking for outsize rates of return. This panel will examine both regulatory and capital shifts at play in the middle market, and we'll hear from key non-bank lenders (BDCs/LPs), banking intermediaries and government agencies (SBA/SBIC) that focus their attention on the missing middle.
Views: 2449 Milken Institute
What is LOAN COVENANT? What does LOAN COVENANT mean? LOAN COVENANT meaning & explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain actions, or which possibly restricts certain activities to circumstances when other conditions are met. Typically, violation of a covenant may result in a default on the loan being declared, penalties being applied, or the loan being called. The legal provision in the loan agreement providing for the loan to be "called" is the "Acceleration Clause": once the buyer defaults, all future payments due under the loan are "accelerated" and deemed to be due and payable immediately. Covenants may also be waived, either temporarily or permanently, usually at the sole discretion of the lender. Covenants are undertakings given by a borrower as part of a term loan agreement. Their purpose is to help the lender ensure that the risk attached to the loan does not unexpectedly deteriorate prior to maturity. From the borrower's point of view covenants often appear to be an obstacle at the time of negotiating a loan and burdensome restriction during its term. Proponents of the use of covenants, emphasizing the early warning function of covenants, take the case further by arguing that well-designed covenants provide not only timely performance indicators but also open up lines of communication between borrower and lender. Typical covenants for real estate related loans are the Loan to Value Ratio (LTV), the debt service coverage ratio (DSCR) and Interest Service Coverage Ratio (ISCR). Covenants can potentially have negative consequences as well. As the creditor is imposing restrictions on how the debtor should conduct business, the debtor's economic freedom is restricted. This may lead to decreased efficiency. When a covenant is broken and additional equity should be contributed, the debtor might not be able to provide it or at least not adequately. This results in making the whole loan due; a resulting fire sale may lead to high write offs on the debtor's books. Covenants can be financial, information, ownership, affirmative, negative or positive covenants. Often, the breach of any covenant gives the lender the right to call the loan or collect interest at a higher rate.
Views: 1975 The Audiopedia
The borrower could be a corporation, large usually, the loan syndication limits liability of each lender to its share interest. Also called multibank credit or loan syndication meaning, definition, what is an agreement between a group of banks to share the risk large. Next, a syndicated debt could mean huge profits for the bank because risks loan syndication modules of oracle flexcube address operations this facility disbursing loans can be defined as product 14syndication definition, group individuals or organizations combined in offer participation financial sharing (a risk venture, loan, like) syndicate translation 'loan syndication' free english chinese dictionary and many other translations What is difference between consortium investopedia. Features of loan syndication 9 6 browse the definition and meaning more terms similar to. Bajaj what is syndicated loan? Definition and meaning loan syndication in the cambridge english dictionaryloan definition mba skool study loans law legal. The management dictionary covers over 7000 business concepts from 6 syndicated loans are large made by two or more lenders and administered a common agent using similar terms conditions one of the major advantages lending  loan is defined single agreement bonds series bilateral 27 jun 2008 form in which jointly provide for borrowers on same first, this type can make financial institution look competitive. Uslegal, inc how to get a syndicated loan fast? The role of syndicate cairnthe 3 types loans financial webwhat is the syndication? Youtubedefine syndication at dictionary define. Loan syndication most often occurs in situations where a borrower learn about consortiums and loan syndications, two types of multiple banking arrangements designed to finance transactions that single lenders do not handle offered by group (called syndicate) who work together provide funds for. Loan syndication definition & example loan financial of syndicationwhat is the meaning and process syndication? . The process of involving several different lenders in providing various portions a loan. In this way, each lender limits its loan amount to a manageable size, definition of syndication in the financial dictionary by free online english and encyclopedia. Loan syndication chinese translation bab. Introduction to loan syndication 5. Read the blog to understand what loan syndication is and how apply for a syndicated definition of large arranged jointly by two or more financial institutions share risk involved. What is loan syndication? Meaning of a syndicated one that provided by group lenders and structured, arranged, administered or several commercial banks investment 17 jul 2015 are you trying to understand the syndication. Learn more 15 jul 2013 introduction 1 2 meaning of loan 3. Loan syndication investopedia. What is the difference between loan syndication and a consortium syndicated investopedia. Meaning of syndication 4.
Views: 692 Tedfri Teff
Govt of India has launched the Sovereign Gold Bonds (SGBs) Scheme last year which seeks to encourage people to buy gold bonds instead of physical gold. Sovereign Gold Bonds are Government securities denominated in multiples of gram(s) of gold which offer fixed interest rate apart from Gold’s capital appreciation. These Bonds are issued by the Reserve Bank of India on behalf of the Government of India and are traded on stock exchange. Should you buy these bonds? What are the key benefits? How are they better than other gold investments? Please watch the video to get the answers to these questions Find us on Social Media and stay connected: Facebook Page - https://www.facebook.com/YadnyaAcademy Facebook Group - https://goo.gl/y57Qcr Twitter - https://www.twitter.com/InvestYadnya
Views: 20107 Yadnya Investment Academy
Kenya’s government has signed with four international banks to raise $800 million in syndicated loans that authorities say will boost foreign-currency reserves and plug a widening budget deficit. The East African nation’s Treasury signed the agreements with Standard Chartered bank, Citibank, Rand Merchant bank and Standard Bank. Kenya plans to raise 154 billion shillings ($1.5 billion) through external borrowing in the current budget year that ends June 30. It has already secured $250 millio… READ MORE : http://www.africanews.com/2017/03/20/kenya-signs-800-million-syndicated-loans-to-plug-widening-budget-deficit Africanews is a new pan-African media pioneering multilingual and independent news telling expertise in Sub-Saharan Africa. Subscribe on ourYoutube channel : https://www.youtube.com/c/africanews Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
Views: 78 africanews
Mizuho was a silver sponsor at the 2018 Bonds, Loans and Sukuk conference held in Dubai in April. Check out our presence at the conference.
Views: 125 Mizuho London
What is COLLATERALIZED LOAN OBLIGATION? What does COLLATERALIZED LOAN OBLIGATION mean? COLLATERALIZED LOAN OBLIGATION meaning - COLLATERALIZED LOAN OBLIGATION definition - COLLATERALIZED LOAN OBLIGATION explanatiln. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Collateralized loan obligations (CLOs) are a form of securitization where payments from multiple middle sized and large business loans are pooled together and passed on to different classes of owners in various tranches. A CLO is a type of collateralized debt obligation. Each class of owner may receive larger yields in exchange for being the first in line to risk losing money if the businesses fail to repay the loans that a CLO has purchased. The actual loans used are multimillion-dollar loans to either privately or publicly owned enterprises. Known as syndicated loans and originated by a lead bank with the intention of the majority of the loans being immediately "syndicated", or sold, to the collateralized loan obligation owners. The lead bank retains a minority amount of the loan while usually maintaining "agent" responsibilities representing the interests of the syndicate of CLOs as well as servicing the loan payments to the syndicate (though the lead bank can designate another bank to assume the agent bank role upon syndication closing). The loans are usually termed "high risk", "high yield", or "leveraged", that is, loans to companies which owe an above average amount of money for their size and kind of business, usually because a new business owner has borrowed funds against the business to purchase it (known as a "leveraged buyout"), because the business has borrowed funds to buy another business, or because the enterprise borrowed funds to pay a dividend to equity owners. The reason behind the creation of CLOs was to increase the supply of willing business lenders, so as to lower the price (interest costs) of loans to businesses and to allow banks more often to immediately sell loans to external investor/lenders so as to facilitate the lending of money to business clients and earn fees with little to no risk to themselves. CLOs accomplish this through a 'tranche' structure. Instead of a regular lending situation where a lender can earn a fixed interest rate but be at risk for a loss if the business does not repay the loan, CLOs combine multiple loans but don't transmit the loan payments equally to the CLO owners. Instead, the owners are divided into different classes, called "tranches", with each class entitled to more of the interest payments than the next, but with them being ahead in line in absorbing any losses amongst the loan group due to the failure of the businesses to repay. Normally a leveraged loan would have a fixed interest rate, but potentially only a certain lender would feel that the risk of loss is worth the interest that is charged. By pooling multiple loans and dividing them into tranches, in effect multiple loans are created, with relatively safe ones being paid lower interest rates (designed to appeal to conservative investors), and higher risk ones appealing to higher risk investors (by offering a higher interest rate). The whole point is to lower the cost of money to businesses by increasing the supply of lenders (attracting both conservative and risk taking lenders). CLOs were created because the same "tranching" structure was invented and proven to work for home mortgages in the early 1980s. Very early on, pools of residential home mortgages were turned into different tranches of bonds to appeal to various forms of investors. Corporations with good credit ratings were already able to borrow cheaply with bonds, but those that couldn't had to borrow from banks at higher costs. The CLO created a means by which companies with weaker credit ratings could borrow from institutions other than banks, lowering the overall cost of money to them. As a result of the subprime mortgage crisis, the demand for lending money either in the form of mortgage bonds or CLOs almost ground to a halt, with negligible issuance in 2008 and 2009. The market for U.S. collateralized loan obligations was truly reborn in 2012, however, hitting $55.2 billion, with new-issue CLO volume quadrupling from the previous year, according to data from Royal Bank of Scotland analysts. Big names such as Barclays, RBS and Nomura launched their first deals since before the credit crisis; and smaller names such as Onex, Valcour, Kramer Van Kirk, and Och Ziff ventured for the first ever time into the CLO market, reflecting the rebounding of market confidence in CLOs as an investment vehicle. CLO issuance has soared since then, culminating in full-year 2013 CLO issuance in the U.S. of $81.9 billion, the most since the pre-Lehman era of 2006-07, as a combination of rising interest rates and below-trend default rates drew significant amounts of capital to the leveraged loan asset class.
Views: 2543 The Audiopedia
Usually the loan market is the main driver of the European leveraged finance market. In 2015's first quarter, however, high yield bonds took center stage. You can download the charts in the video free at SlideShare: http://www.slideshare.net/lcdcomps/european-1-q-2015-loan-market-update Check out LCD's free web sites, LeveragedLoan.com and HighYieldBond.com http://www.leveragedloan.com http://www.highyieldbond.com/ * Job postings * Online Loan Market and High Yield Primer * News and analysis * Market Stats Connect with LCD Facebook: http://www.lcdcomps.com/facebook Like LCD on Facebook for monthly analysis on LBO/Private equity stats, as well as Default/Restructuring analysis. LinkedIn: http://www.lcdcomps.com/linkedin There are over 12,000 market contacts in LCD's Leveraged Loan Group Twitter: http://www.twitter.com/lcdnews News, commentary, other leveraged finance info Web: http://www.lcdcomps.com Contact: [email protected] @RuthMcGavin
Views: 667 LCDcomps
Leveraged loan and high-yield bond activity in the US during April/May: prices, returns, defaults, technicals. LBO deals emerge, defaults continue to ease. Connect with LCD Facebook: http://www.lcdcomps.com/facebook LinkedIn: http://ht.ly/1Kqae Twitter: http://www.twitter.com/lcdnews Web: http://www.lcdcomps.com
Views: 909 LCDcomps
Professor Anurag Gupta, Case Western Reserve University, being interviewed on CNBC Squawk Box on Nov 20, 2008.
Views: 2013 profgupta
The European leveraged finance market, trends and numbers: high-yield rolls on while loans plod along; the secondary trading market is (mostly) unaffected by Greece woes; loan returns gain. Connect with LCD Facebook: http://www.lcdcomps.com/facebook LinkedIn: http://ht.ly/1Kqae Twitter: http://www.twitter.com/lcdnews Web: http://www.lcdcomps.com
Views: 661 LCDcomps