JP Morgan prepares first "originator" CLO in the US

By James Harvey

Thursday, August 14, 2014

A $412 million deal, due to price this week, becomes the first US CLO explicitly marketed as an "originator" CLO

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TAGS: JP Morgan Risk retention Forthcoming Black Diamond

View details on CLO-i: Black Diamond CLO 2014-1

Comment by: Anonymous. Posted 9 years ago [2014-08-22 15:21:56]

Many European investors want exposure to US CLOs and this is a way for them to participate. It's beneficial for all investors since it increases liquidity significantly.

Comment by: Anonymous. Posted 9 years ago [2014-08-15 12:35:32]

Euro compliance is the only way a deal like this can get done.

Comment by: Anonymous. Posted 9 years ago [2014-08-14 13:21:21]

So the liabilities can be marketed to European investors.

Comment by: Anonymous. Posted 9 years ago [2014-08-14 12:53:57]

Why does a US CLO care about complying with risk retention, which is just a European requirement?

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