All Loans articles – Page 9
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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.
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White papersLeveraged loan investment and ESG in light of Covid-19
In its all-encompassing impact, Covid-19 must raise regard for all stakeholders. Can the private equity playbook be unaffected in the post-Covid era? Equally, with momentum building behind other societal challenges, like climate change, how can the private corporate world be encouraged to move forward?
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White papersCovid-19 - Institutional Fixed Income market update briefing
Credit markets have continued to perform well, enjoying underlying official support and as investors continue to look to add risk. In this short summary, we highlight activity within the main fixed income markets, including leveraged loans and asset-backed securities in recent weeks.
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White papersCommercial Mortgage Loans: An Alternative Asset in LDI Portfolios?
Most public and private defined benefit pension plan sponsors aim to design an effective liability driven investment (LDI) strategy that balances several objectives – achieving the desired funded status for the plan, managing return-seeking assets in the portfolio against relevant benchmarks, and effectively de-risking and hedging future liabilities. LDI portfolios traditionally rely on a combination of Treasury securities and long and medium duration corporate bonds as hedging instruments.
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White papersNot created equal: Surveying investments in non-investment grade U.S. corporate
Institutional investors searching for yield and current income opportunities have increased their allocations to non-investment grade corporate bonds and loans. The case for investing in these assets is clear with the 10-year Treasury under 3% and historically low rates across the yield curve. Non-investment grade U.S. corporate debt has historically produced yields in the 6-10% range or greater.
