'Nochu covenant' leaves big CLO managers in a trading bind

By Hugh Minch

Monday, May 04, 2020

Stipulations pushed into CLOs by the world’s largest CLO investor Norinchukin to limit its exposure to covenant-lite loans are causing headaches for managers on its approved list hoping to use the dislocation to build par

 

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TAGS: Europe CLO Norinchukin Leveraged loans Performance North America

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