MUFG and CSAM adopt novel auction concept for upcoming CLO refi

By Sayed Kadiri

Credit Suisse Asset Management and Mitsubishi UFJ Financial Group are taking a fresh approach to US CLO refinancings with sources indicating that the pair are joining forces to conduct a refi via an auction

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TAGS: Refinancing CLO Secondary market CSAM MUFG Pricing Primary market North America

Comment by: Sayed Kadiri. Posted 1 month ago [2020-02-18 17:17:23]

A previous version of this article incorrectly stated that the non call period between AMR auctions is six months. Creditflux understands that this is not the case - the CLO manager/equity investor decide on the length of the non call period. Apologies for any confusion