CLO managers in the mix for first US credit event auction since 2020

By Dan Alderson

CDS contracts referencing Talen Energy Supply will be settled by credit event auction next month. And Talen's recovery levels will have relevance for a number of CLO managers that have held onto the company's debt - in some cases having bought more very recently

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TAGS: CDS High yield bonds Investment grade credit MJX Secondary market Anchorage Distressed debt Credit derivatives Leveraged loans Default North America