Triple-A investor sells €86.6 million of 2.0 CLOs
CLO managers looking to obtain cheap financing may have found the answer in the secondary market yesterday: launch Volcker-compliant, originator-backed deals that can invest in loans and bonds.
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Completely agree on the voting rights point but intuitively I don't see why originator SPV bacled AAAs would trade tighter than Sponsor backed AAAs. Both meet risk retention rules. Am I missing something here?
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Comment by: Anonymous. Posted 9 years ago [2015-02-25 13:12:34]