KopenTech in the Press
First AMR auction scheduled for end of January
The first AMR CLO refinancing auction will take place at the end of January. Kopentech is excited to be the auction service provider for this occasion. Read more from Kristen Haunss of Refinitiv.
The KopenTech BWIC platform gains further industry attention after its first BWIC completed in late December. Structured Credit Investor is the latest publication to highlight the platform.
Upcoming AMR auction featured in Asset-Backed Alert
Applicable Margin Reset (AMR) gains further notoriety as the one-year non-call period for TCW AMR CLO 2019-1 comes to a close. The first AMR auction is expected to take place in early February. Additional details can be found in the Asset-Baked Alert article by Allison Bisbey.
Introducing KopenTech BWIC
BWICs are about to change! KopenTech is pleased to announce the launch of its online BWIC platform, transforming this grueling process into a streamlined online auction. The first BWIC was conducted on the platform in late December, read more about it in an article by Kristen Haunss of Reuters. KopenTech’s priority is to advance the simplicity of structured products investing. Contact us at firstname.lastname@example.org for more information or to schedule a demo.
Jefferies prices CLO for debut manager, East West Investment Management, with AMR
This week, Jefferies LLC priced the first CLO issued by East West Investment Management. Class A through E tranches will include the Applicable Margin Reset (AMR) feature. East West Investment Management joins several other CLO managers featuring AMR in their deals priced this year including Seix, TCW, and Neuberger Berman.
Applicable Margin Reset welcomed by CLO investors
Applicable Margin Reset gains greater acceptance among investors. As reported by Andrew Park and Luke Millar from LCD, Neuberger Berman is the latest CLO manager to implement Applicable Margin Reset (AMR) in their newest deal. In addition, a Japanese investor has been brought on board with the feature, purchasing the class A-2 tranche.
KopenTech featured in Asset-Backed Alert Article
Applicable Margin Reset (AMR) is advancing in its development -- gaining market acceptance along the way. Since 2016, over $2 billion of CLOs have been issued with the feature.