Bids fall below 30 cents for post-reinvestment US CLOs

By Hugh Minch

An equity investor attempted to offload majority stakes in three 2014 US CLOs that have crossed beyond the end of their reinvestment period, although all three positions failed to trade

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: CLO Secondary market OFS Pricing GLG North America

View details on CLO-i: B&M CLO 2014-1 OFSI Fund VI Silver Spring CLO - called deal