Citi creates delayed draw notes as it prepares $507 million CLO

By James Harvey

Wednesday, February 18, 2015

Citi is preparing a $507 million US CLO which will feature delayed draw notes as a way to navigate around risk retention rules, according to market sources

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TAGS: Refinancing Risk retention Citi Forthcoming BlueMountain

View details on CLO-i: BlueMountain CLO 2015-1

Comment by: Anonymous. Posted 9 years ago [2015-02-19 00:19:30]

I'm surprised a law firm would sign the opinion that delayed draw Notes solve the risk retention requirement.

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