Commercial real estate CLO issuance is well on track to hit a post credit crisis high this year with bankers predicting up to US$15bn of supply in the second half.
The first public Spanish SME CDO since 2007, shown to investors during the Barcelona conference, appears to be a textbook example of a non-bank lender using securitisation to step in where banks find it hard to tread.
Commercial real estate CLO issuance is well on track to hit a post-credit crisis high this year, with bankers predicting up to US$15bn of supply in the second half.
Originator Be-Spoke Capital (Ireland) is readying a Spanish SME securitisation, Alhambra SME Funding 2018-1 DAC.
Five Arrows Managers priced the €411.4m leveraged loan deal Contego CLO V on Friday, via Morgan Stanley.
Arranger BNP Paribas has announced Jubilee 2018-XX, a €411.7m European CLO from Alcentra. All of the €236m Class A has been pre-placed, as has the €10.8m Class F. Minority equity is available.