Broker-dealer prices quasi-CLO for health care lender

By Mike Peterson

Friday, July 08, 2011

A New York-based firm has structured and priced a quasi-CLO based on loans to health care companies, according to market sources

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Comment by: Anonymous. Posted 12 years ago [2011-07-08 15:14:54]

If the portfolio generates more than 375bps running + portfolio par at maturity, then does that excess return go to the same noteholders? And secondly how much of the noteholder's principal is covered by the rating - just the investment amount or portfolio par?

CLOs

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