All Loans articles – Page 11
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White papersThe Wind Remains at High Yield’s Back (For Now)
Accelerating economic growth and improving corporate financial conditions, coupled with a manageable default picture, continue to bolster high yield.
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White papersCLOs: The Proof is in the Process
In this Q&A, Adrienne Butler discusses Barings’ longstanding presence in the CLO market and shares her views on what it takes to navigate the often-misunderstood asset class.
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White papersFiorino: banks versus shadow banks, a heavyweight battle emerges from new financial fields
Money gives weight to power, with the all-pervasive field of banking typically behind this transformation. However, as Fiorino discovers, a previously hidden force in the banking universe is now revealing its massive influence…
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White papersSustainability-linked LBO loans - fad or future?
The ‘green’ finance revolution shows no signs of slowing down, with sustainable debt issuance continuing to set new records.
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White papersWhy Now May Be a Good Time to Consider CLOs
A wave of refinancings has tested the CLO market’s capacity, but it has also created relative value opportunities up and down the capital structure—particularly in seasoned, BB deals.
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White papersStrategies for Navigating an Unrecognisable Bond Market
As the saying goes, there’s no rest for the weary, and many bond investors understand that feeling right now.
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White papersUncover new sources of income with taxable municipal bonds
Issuance of taxable municipal bonds, a segment of the overall municipal market, has increased in recent years, providing global institutional investors with an additional means of generating yield.
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Asset Manager NewsThe end of LIBOR: implications for investors
The London Inter-bank Offered Rate (LIBOR) is one of the main interest-rate benchmarks used in global financial markets. By the end of 2021, LIBOR reference rates and other interbank offered rates (IBORs) will be retired. What will replace LIBOR and other IBORs, and what does this mean for investors?
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White papersLeveraged loan market outlook - what will 2021 bring
The loan market is one of the few areas of fixed income still offering meaningful yield and consequently we believe the asset class will continue to attract investor interest in 2021.
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Asset Manager NewsGLP Closes First Sustainability-Linked Loan of $658 Million, One of the Largest in APAC
GLP closed its first sustainability-linked loan (SLL) of US$658 million with participation from 10 banks. The loan is one of the largest SLLs in Asia Pacific and signifies GLP’s ongoing commitment to sustainability. GLP will use the loan proceeds to contribute to environmental objectives related to climate change mitigation and the promotion of green buildings.
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White papersWho Will Balance the Budgets?
It’s not today’s problem, but it’s a question investors will start asking more often as the Republican Party confronts its identity crisis.
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White papersThe latest evolution of distress language in CLO documentation
With greater flexibility afforded to the manager, what can debt investors reasonably expect from changes made to documentation for collateralised loan obligations (CLOs)?
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Asset Manager NewsPGIM Real Estate arranges $75M in Freddie Mac loans for two apartment community acquisitions
– PGIM Real Estate has arranged a total of $75 million in Freddie Mac loans on behalf of TruAmerica Multifamily for its acquisition of two apartment communities in the U.S. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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White papersHigh Yield: Strong Tailwinds, But It May be a Bumpy Ride
High yield has a number of supportive tailwinds at its back—from a more manageable default picture and less exposure to potentially rising rates to investors’ continued demand for yield. But uncertainties remain, suggesting a potentially bumpy path to recovery.
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White papersCLOs: Cautious Optimism
Coming off a tumultuous year, CLOs look well-positioned going forward—particularly if the economy continues to heal and rates move higher.
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White papersPrivate credit markets – adjusting, adapting and responding
Lately, there has been renewed interest to get deals done and enter into negotiations on new investments as private credit markets re-open following a period of relative stability and reduced volatility in publicly-traded markets.
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White papersThree Reasons Loans May Be Poised for Strong Performance
It’s not as simple as ‘when rates rise buy loans; when rates fall buy bonds.’ Indeed, a combination of several factors has set the stage for loans to potentially deliver attractive total returns going forward.
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White papersDebt deliveries: US consumers bat on in fading light
The US consumer has long been in the top order of the global economy but, as Fiorino discovers, the days of debt-fuelled hit-outs on tame pitches could soon be over.
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White papersCLOs: A Bias Toward Quality
CLOs continued their rebound in the third quarter, but the potential for volatility going forward is high. In this environment, there may be benefits to moving up in quality.
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White papersResidential mortgages and consumer loans
In this paper, we focus on the case for investing in pools of residential mortgages and consumer whole loans and explore the specific benefits available to insurers making a strategic allocation to the asset class over the long term. We also demonstrate how adding residential mortgages to an investment portfolio could help insurers achieve additional portfolio-level diversification benefits and lower the overall solvency capital requirement (SCR) under the Solvency II standard formula.
