Restructuring more likely than unwinding corporate CDOs, say Merrill analysts
In the most drastic cases, the investor may decide to receive a sub-Libor coupon to free additional money for the restructuring.
CLOs
- Voya refis 2018 vintage CLO 7 hours ago
- New Ares CLO keeps pricing tight 8 hours ago
- Napier Park prices first European new issue CLO of the year 8 hours ago
- Third time's the charm as 2013 vintage CLO gets reset 1 day ago
- European reset highlights weakness in mezz despite robust senior demand 2 days ago