Short-lived 2011 European CLO gets called

Thursday, November 10, 2011

Olimpo CLO 2010-1, a European balance sheet transaction, has been redeemed just seven months after the deal closed

Comment by: Anonymous. Posted 12 years ago [2011-11-14 13:38:12]

I am not sure structured assets are eligible for the central bank funding. most likely - collateral appreciation, allowing to monetize the gain and move the assets into the MtM books.

Comment by: Anonymous. Posted 12 years ago [2011-11-11 01:32:32]

Most likely Santander was funding the senior tranche with the ECB and found a better source of funding - but I have no idea what the better source would be.

CLOs

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