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Non-agency spreads hold as agency paper widens
Manager prices deal close to market tights, although single-B investors receive higher par subordination than usual
Subscription for senior note goes above seven times
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Redwood, JP Morgan and Balbec add to growing non-QM MBS flow
Two out of three deals come at 130bp over the I-curve
Agar previously worked at Guggenheim Securities
Carlyle saves with delayed draw notes in private aircraft ABS
Deal's flexibility feature is rare in the asset class
Compass data center ABS guided 5bp-10bp wider than last time
Fitch has replaced Moody's as main rater
Agar previously worked at Guggenheim Securities
Waterfall prices first trade from new second lien RMBS programme
Waterfall previously securitized Pepper-originated second charge mortgages under its Citadel programme
Sponsor priced its £698m deal backed by loans from five originators
CLO managers struggle to improve equity returns in tricky loan market
Many CLO equity investors face twin blows of par losses and weak cash-on-cash distributions
Prime RMBS issuers grapple with wider spread conundrum
Asset class is about 5bp wider than at start of the year
Sponsor priced its £698m deal backed by loans from five originators
CLO League Tables - Provided by KopenTech
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