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Mezz investor makes rapid trading gain after selling 2017 MJX CLO
8 years ago
An investor in MJX Asset Management’s recent US CLO has made a rapid trading gain after selling the deal’s double-B notes in the secondary market yesterday -
German bad bank wins huge CLO auction
8 years ago
A German bad bank has emerged as the winner of a huge auction of CLOs and other asset-backed securities this morning -
Control of 2013 US CLO changes hands amid talk of low 20s valuation
8 years ago
A $50 million b-wic featuring control of Mountain Hawk CLO II traded yesterday, according to market sources. The CLO has recovered somewhat after a rocky 2016, but price talk on the equity tranche suggested future distributions will be low -
Timing of CLO b-wic puzzles market participants
8 years ago
A huge CLO bid list scheduled for Friday (10 March) represents part of the liquidation of a CDO of ABS, according to Creditflux’s sister intelligence service Debtwire ABS -
Rare controlling equity b-wic casts light on CLO fee-sharing deals
8 years ago
CLO investors get a rare chance later today to buy a controlling equity stake in a US CLO complete with a share of the deal's management fees
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