TITLE

Big Banks Eye CLO Comeback

AUTHOR(S)
Clouse, Carol
PUB. DATE
December 2009
SOURCE
Mergers & Acquisitions Report;12/21/2009, Vol. 22 Issue 51, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports on the move of J.P. Morgan, Bank of America and Citigroup to offer terms for collateralized loan obligations (CLOs) in the U.S. in 2009. The banks have been approaching leveraged loan managers as part of the move. However, several CLO market participants expressed doubt about the return of CLOs to the market. Deutsche Bank is also considering developing CLOs with loan managers.
ACCESSION #
47326000

 

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