TITLE

Rush to Stash Cash as Holders Call CLOs

AUTHOR(S)
Colter, Allison Bisbey
PUB. DATE
June 2011
SOURCE
High Yield Report;6/13/2011, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
66187552

 

Related Articles

  • Investors See Value & Risky Changes in CLOs. Ossa, Felipe // High Yield Report;12/23/2013, p40 

    The article reports that collateralized loan obligations (CLOs) continue to be in the minds of leading investors in structured finance products, according to a roundtable discussion conducted by Standard & Poor's. Serhan Secmen, a managing director at Napier Park Global Capital, CLO investment...

  • CDO market still booming despite problems. Gregory, Michael // Investment Dealers' Digest;5/14/2001, Vol. 67 Issue 19, pN.PAG 

    Reports on the improvement in the collateralized debt obligations (CDO) in the U.S. market. Growth in the public's interest in securities; Ratings of the bond CDO pricing; Investors attitude towards CDO.

  • CLO Cov-Lite Limits Rise as Credit Loosens. Sibayan, Karen // High Yield Report;1/21/2013, p36 

    The article reports on the increase in the issuance of covenant-lite loans since they first re-appeared in early 2011 as credit loosens. Investors have also expressed concern that their concentration in collateralized loan obligations has also seen a corresponding increase claiming that cov-lite...

  • Aladdin Capital Taps Market For First Loan Fund. McDermott, Judy // Bank Loan Report;2/9/2004, Vol. 19 Issue 6, p1 

    Reports on the establishment of a loan fund by Aladdin Capital Management following the completion of its collateralized debt obligation. Customization of the structure of the fund to meet liquidity and return objectives of investors; Emphasis on leveraged fund with more liquidity; Loan market...

  • Opportunities for TALF are down but not out. Appell, Douglas // Pensions & Investments;6/29/2009, Vol. 37 Issue 13, p3 

    The article informs that some investment consultants and money managers say that investors' interest in the U.S. government's Term Asset-Backed Securities Loan Facility (TALF) continues to build despite a rapid decline in expected returns on TALF-related investments. They noted that other...

  • CLOs 2011: The Long and Winding Road. Timperio, John; Berkovich, Lawrence; Sanofsky, Mark // Asset Securitization Report;Oct2011, Vol. 11 Issue 10, p11 

    The article focuses on the performance of collateralized loan obligations (CLOs) in the U.S. in 2011. It notes that the CLO space has bounced back from the weakening economy and unpredictable regulatory developments, making almost 10 billion dollars in closed or projected-to-close deal volume....

  • CMBS: a full calendar in the offing.  // Asset Securitization Report;7/15/2002, Vol. 2 Issue 28, p15 

    Reports on the expected performance of collateralized mortgage-backed securities in the U.S. for the second half of 2002. Floating-rate transactions.

  • Structure of Impact.  // Private Placement Letter;1/28/2008, Vol. 26 Issue 4, p6 

    The article reports on the impact of cash collateralized debt obligations, market value and synthetic transactions on the total rate of return (TRR) collateralized loan obligation (CLO) market. Fitch Ratings Ltd. Managing director Richard Hrvatin relates that the market value component has set...

  • A Fresh Look At Pricing In The Triple-A CLO Market. Ardini, David; Yu, Alex; Sam Peng // High Yield Report;9/15/2008, Vol. 19 Issue 35, p6 

    The authors reflect on the pricing at the secondary collateralized loan obligation (CLO) market in the U.S. The authors suggest the need to model the risk of receiving less than par repayment based on the actual portfolio liquidation net asset value by incorporating the expected losses from...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics