CLO MARKET TRENDS: June 2022
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HalseyPoint CLO II AMR is 2x Oversubscribed
We're excited to announce the successful refinancing of HalseyPoint CLO II cutting debt cost by 80 bps.AUCTION RESULTS
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Latest Newsall news
Rival platforms battle to control electronic trading of CLOs
The need for new ways to trade CLO is here. New electronic platforms are designed to bring CLO trading out of the age of dinosaurs. Kopentech also gives investors the option to trade with each other, cutting out the banks. Separately, the platform can refinance CLOs using the AMR process.
CLO Trading Startup Is Now Allowing Investors to Cut Out Banks
An online platform is now allowing money managers to trade collateralized loan obligations directly with one another, without banks standing in between. KopenTech, a firm that provides CLO refinancing, data analytics, and electronic trading services, has launched direct trading among investors, according to a statement seen by Bloomberg. The platform saw its first trade between two investors last Thursday, Jill Scalisi, chief engagement officer, said in an interview.
Debt Advisors issued $339.18 CLO 2022-1 with innovative online AMR refinancing
Jefferies set the price on Wednesday for the $339.18 million ICG US CLO 2022-1 managed by ICG Debt Investors. The AMR refinancing feature was incorporated across the debt stack, including the fixed-rate tranches.