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Investors swarm US CLOs despite weaker terms.

Authors :
Bell, David
Source :
Global Capital; 2/12/2018, p189-189, 1p
Publication Year :
2018

Abstract

Looser documentation is emerging in the hot US CLO market, with debt investors in some instances now allowing managers to include terms that permit trading gains to be funnelled straight through to the pockets of equity investors, which is sometimes the CLO manager themselves. [ABSTRACT FROM AUTHOR]

Subjects

Subjects :
COLLATERALIZED loan obligations
ASSET backed financing
BANKING industry
FINANCIAL services industry
CORPORATE bonds
BONDS (Finance)
FINANCIAL markets
BOND prices
SECURITIES

Details

Language :
English
ISSN :
20552165
Database :
Complementary Index
Journal :
Global Capital
Publication Type :
Periodical
Accession number :
128009725

Tools

Authors Abstract Subjects Details