KopenTech in the Press
KopenTech conducts its inaugural AMR auction and kicks off its electronic trading platform, KopenTech BWIC.
KopenTech is incredibly excited to announce we have been selected as the "Best Trading and Execution Technology" at the AltCredit US Service Awards.
"…Buyers of CLO equity may press for more investment firms to use KopenTech’s technology, Moody’s Investors Service analyst Peter Hallenbeck wrote in an emailed comment. There were $25 billion of CLO refinancings last year. If all of them had gone the auction route, equity investors in aggregate would have saved tens of millions of dollars."
Substantial investor interest surrounded the first-ever AMR auction, with investors over-subscribing across the capital stack.
KopenTech BWIC is the topic of this latest ABA article. Onerous and error-prone BWICs are replaced by an interactive bidding interface that allows for quick bid feedback and automatic post-trade color generation.
SCI covers the first-ever AMR auction that occurred on January 30, 2020.
CLOs – US: Inaugural refinancing via applicable margin reset sets a credit positive precedent for CLOs
This report, written and published by Moody's, examines the first AMR auction conducted on January 30, 2020.
We are thrilled to announce the success of the first-ever online CLO refinancing. The AMR auction saw the refinancing of all five tranches of TCW 2019-1 CLO.