Citi looks to place $100 million bespoke mezz tranche

By Mike Peterson

Monday, February 29, 2016

Citi has traded around $700 million of bespoke tranches in 2016 so far, according to internal communications seen by Creditflux

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

Comment by: Anonymous. Posted 8 years ago [2016-03-01 01:06:50]

Am surprised to see this product coming back. Regardless, Citi and other dealers should approach Fannie and Freddie to sell tranche protection on mortgage portfolios (which the dealers would then place with real clients). Fannie and Freddie want the "risk transfer" and they won't mind the holes. (Intended to be somewhat funny.)

Funds

more stories...