Rush to Stash Cash as Holders Call CLOs

Colter, Allison Bisbey
June 2011
High Yield Report;6/13/2011, p14
The article focuses on the effects of collateralized loan obligation (CLO) redemptions like the calling of Carlyle IV and Carlyle 2008-1 that allegedly forced investors to seek other asset offerings. Moody's research revealed that CLO redemptions are seen as credit positive for security holders high up on the capital structure. Redemptions are also positive for investors with triple-A-rated CLO securities on the secondary market at a discount with the return of the investment with interest.


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