Equity in 2014 Marathon CLO trades north of par

By Sayed Kadiri

Secondary market bids yesterday indicated that Marathon CLO VI, which priced in April, has got off to a strong start.

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TAGS: Marathon

View details on CLO-i: Marathon clo vi

Comment by: Anonymous. Posted 2 years ago [2014-11-20 00:16:50]

Something I don't know but I should: are equity tranches quoted at a "dirty price" (i.e., no adjustment for accrual of an expected payment at next payment date)? That would make sense and also explain much of the gap between a September mark of 98-99 and sale price late November much higher.