Jefferies plans vertical strip package for CLO risk retention, sources say
Well-placed sources have told Creditflux that Jefferies is planning a new risk retention strategy whereby it partners with financial institutions to provide financing to CLO managers
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Not certain in the sense that the security is not enforceable unless you are prepared to take a deal out of compliance?
Would be interesting to see details of the lending. Earning 50 bps above the blended CLO note yield would be great compensation if the banks have perfected security in the notes themselves. But I gather this pledge status is not certain.
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Comment by: Anonymous. Posted 8 years ago [2015-12-01 19:07:57]