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CLOs in focus, bank issuers plan for trouble, despatch from DC

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Manage episode 515408857 series 2950782
Content provided by GlobalCapital. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by GlobalCapital or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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◆ What is pushing CLO mezz wider

◆ FIG pre-funding underway

◆ What happened at the World Bank/IMF Annual Meetings

The CLO market is both subject to and affects what happens in leveraged loans, risking distortion in the latter. First, we discuss why the riskier bits of the CLO stack are trading wider. Then we delve into why CLOs give us cause to think that leveraged loan pricing may not purely reflect the credit quality of the borrowers.

If you like listening to GlobalCapital talking about securitization for free, be sure to listen to our dedicated podcast: Another Fine Mezz.

In the bank bond market, issuers are raring to pre-fund to get ahead of what may be a risk-laden 2026. We discuss the pitfalls that await, how issuers can mitigate them and why, contrary to what might normally be the case, covered bonds are not the way to do it.

Finally, we talked about the big issues that cropped up at the World Bank/IMF Annual Meetings this year, including how multilateral development banks operate and what happens to the ESG agenda when many of its biggest proponents show up for a week on climate naysayer US president Donald Trump's doorstep.

  continue reading

217 episodes

Artwork
iconShare
 
Manage episode 515408857 series 2950782
Content provided by GlobalCapital. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by GlobalCapital or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

◆ What is pushing CLO mezz wider

◆ FIG pre-funding underway

◆ What happened at the World Bank/IMF Annual Meetings

The CLO market is both subject to and affects what happens in leveraged loans, risking distortion in the latter. First, we discuss why the riskier bits of the CLO stack are trading wider. Then we delve into why CLOs give us cause to think that leveraged loan pricing may not purely reflect the credit quality of the borrowers.

If you like listening to GlobalCapital talking about securitization for free, be sure to listen to our dedicated podcast: Another Fine Mezz.

In the bank bond market, issuers are raring to pre-fund to get ahead of what may be a risk-laden 2026. We discuss the pitfalls that await, how issuers can mitigate them and why, contrary to what might normally be the case, covered bonds are not the way to do it.

Finally, we talked about the big issues that cropped up at the World Bank/IMF Annual Meetings this year, including how multilateral development banks operate and what happens to the ESG agenda when many of its biggest proponents show up for a week on climate naysayer US president Donald Trump's doorstep.

  continue reading

217 episodes

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