High Prepayment Rates Plague CLOs

Kantin, Kerry
August 2005
Investment Dealers' Digest;8/8/2005, Vol. 71 Issue 31, p13
Trade Publication
Focuses on the problems encountered by fund managers because of the bullish leveraged loan market in Europe. Concern of managers on high prepayment rates; Decision of Babson Capital Europe Ltd. to extend the maturity of its Duchess I collateralized loan obligations by four years; Significance of the move of the company on solving the problem on high prepayment rates.


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