CLO investor shakes things up with two-stage b-wic

By Oscar Geen

Thursday, October 20, 2016

An unusual $37 million CLO bid list is doing the rounds ahead of an auction deadline of 2pm New York time today. Sources say that the seller, a 2.0 CLO mezzanine and equity investor, has specified certain ground rules for the auction

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View details on CLO-i: Dryden XXIII Senior Loan Fund

Comment by: Anonymous. Posted 7 years ago [2016-10-20 15:38:26]

At first, this sounds like a good idea for the seller. But my guess is that buyers will learn to be less aggressive in their first bids.

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