Citigroup Seeks to Liquidate Synthetic CLOs

Colter, Allison Bisbey
September 2011
High Yield Report;9/19/2011, p13
The article focuses on the plan of Citigroup Global Markets to gain control of collateralized loan obligations (CLO) worth 2 billion U.S. dollars. Citigroup tendered the offers to buy the junior-most securities of Skytop CLO Ltd. This action is reportedly in accordance with the plan of Citigroup to liquidate the synthetic CLOs and to unwind the related trades.


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