Record volume in leveraged buy-outs (LBOs) have driven a buoyant market in European Collateralized Debt Obligation (CDOs) of leveraged loans in the third quarter of 2003, according to a report by Standard & Poor’s. Transaction flow remains strong, with four CLOs closing. ‘The increase in CLO transactions, the steady volume of leveraged loan issuance over the past 12 months, and their increased availability in the secondary market have seen a 75% increase in leveraged loan assets managed in CLOs,’ said Mike Nicholson, credit analyst at Standard & Poor’s Structured Finance Ratings group in London. ‘The CLO pipeline remains robust, with at least 11 transactions scheduled to close in the next two quarters.’
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.