2006 CLO equity position beats price talk by 50 points to trade over par

By Thomas Martinez-Blair

A legacy CLO which returned 25.3% to equity last year, surprised some in the market by trading above par. A number of dealers had valued the tranche in the 50s.

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TAGS: Columbia

View details on CLO-i: Cent CLO 12

Comment by: Anonymous. Posted 8 years ago [2016-01-14 01:42:24]

i wonder how close the cover was to the trade.