Wednesday, 20 August 2014
Last updated 2 hours ago
May 16 2013 | 12:38pm ET
Hedge fund Goldentree Asset Management is selling its first European collateralized loan obligation in six years.
The New York firm is seeking about €252.5 million (US$325 million) and has already sold the majority of the issuance. Only €68.5 million in top-rated notes remain, Bloomberg News reports.
The CLO includes about €113 million in triple-A-rated notes, as well as fixed-rate bonds denominated in both euros and pounds sterling. The deal, arranged by Morgan Stanley, has a 12-year final maturity.
Goldentree last sold a European CLO in June 2007, garnering €450 million. Already this year, more than €1.3 billion in European CLOs have been sold.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note