BNP Paribas AM euro CLO makes history by triggering event of default

By James Harvey

A 2004 vintage CLO managed by BNP Paribas Asset Management has hit an event of default, according to a notice available on CLO-i

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TAGS: BNP Paribas AM Default

View details on CLO-i: Leveraged Finance Europe III - matured deal

Comment by: Anonymous. Posted 2 years ago [2016-09-08 12:20:29]

what was this manager doing to earn its fees? It seems like this deal just bought every loan available and held it...