Investor flogs CRE CDOs at knockdown prices

By Sayed Kadiri

Wednesday, November 10, 2010

A seller of mezzanine tranches from CRE CDOs, accepted a series of depressed offers judging by covers on a bid list yesterday

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

Comment by: Anonymous. Posted 13 years ago [2010-11-10 16:34:26]

Regarding, Ares VIII Class B2s it is a fixed rate bond with a coupon of 5.5%! I'm pretty sure the parri-passu floating B1 notes would not be trading at the same levels... Furthermore given the rarity of fixed rate clo bonds, this article risks being quite misleading in regards to the 'recovery' in the clo space.

CLOs

more stories...