Achieve the most efficient
We design trading solutions that simplify
the work of investors causing positive ripple
effects in the industry
Tackling routine with automation and enabling
our clients to focus on analysis
Priced by Citi, HalseyPoint Asset Management’s $500.365M HalseyPoint CLO 3, Ltd. marks the 10th CLO to utilize KopenTech’s online AMR refinancing feature. With the deal closing on November 24, 2020, the total volume of CLOs featuring the AMR mechanism now exceeds $4.4 billion.
KopenTech’s Data Scientist, Andreas Kraus, finds AMR CLOs trade more frequently, and at slightly better prices, than non-AMR counterparts. Read the full study published by AltCredit.
While the widening secondary market threw a curve ball in the Mountain View CLO XIV AMR refi, the auction highlighted AMR benefits: the collateral manager paid no fees for this auction, and it could hold another auction in as soon as eight business days.