As Spreads Shrink, Older CLOs Called

Kantin, Kerry
March 2006
Investment Dealers' Digest;3/6/2006, Vol. 72 Issue 9, p13
Trade Publication
The article reports on the efforts of asset managers to bring new collateralized loan obligations in the U.S. to capitalize on the strong demand for the structured products. Equity holders, on the other hand, are electing to call older vintage deals because some investors are seeing their returns squeezed by tightening spreads in the leveraged loan market.


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