Senior CLO investors get extra call protection as Angelo Gordon prices

By Hugh Minch

Senior CLO investors are scoring enhanced call protection this month, as Angelo Gordon yesterday became the second manager to price a CLO with variable levels of callability

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TAGS: CLO Citi Angelo Gordon Pricing Primary market North America

View details on CLO-i: Northwoods Capital XVIII

Comment by: Sayed Kadiri. Posted 9 months ago [2019-04-03 13:45:07]

Further to the point of senior CLO tranches bound by longer call locks, it is worth pointing out that several deals this year have featured make-whole provisions on their triple As - effectively replicating the impact of a longer call lock