Saturday, 5 September 2015
Last updated 5 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…