GreensLedge finds fixed rate buyers for junior CLO debt

By Sayed Kadiri

Wednesday, June 04, 2014

GreensLedge has priced an unusual CLO featuring several fixed rate tranches

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TAGS: GreensLedge

View details on CLO-i: Kingsland VII

Comment by: Anonymous. Posted 9 years ago [2014-06-05 00:34:49]

Interesting - assuming that the LIBOR floors of the bank loan assets are in-the-money, the 12% of liabilities with fixed coupons may be a (static) hedge for interest rate risk. That is, the rate risk is not as unhedged as it would be absent the LIBOR floors on the asset side.

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