A second tap of Confluent on September 11 took the size of the collateralised loan obligation to EUR2.6 billion, making it the largest CLO to date. But that's not the only record broken by the deal, arranged and managed by Calyon and Credit Agricole Asset Management (CAAM). It's also the first ever multi-managed CLO - CAAM is the 'gatekeeper', overseeing five leveraged loan managers - and the first to get afirst-loss transaction rating - Baa2 from Moody's Investors Service.
As such it's been
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quantile, TriOptima face off in cleared swaps compression battle
- Quants stymied by lack of alternative risk premia flows data