KopenTech in the Press
"…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.
Paola Aurisicchio, a journalist at Global Capital, writes about the first AMR auction happening on January 30, 2020.
The first AMR auction is tomorrow. AltCredit takes a deep dive into the nuts & bolts of the auction.