TITLE

Citigroup Seeks to Liquidate Synthetic CLOs

AUTHOR(S)
Colter, Allison Bisbey
PUB. DATE
September 2011
SOURCE
High Yield Report;9/19/2011, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
66187087

 

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