Big Banks Eye CLO Comeback

Clouse, Carol
December 2009
Mergers & Acquisitions Report;12/21/2009, Vol. 22 Issue 51, p6
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.


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