Collateralized loan obligation

RECENT NEWS
Sober Look  Nov 25  Comment 
Amazingly, the primary CLO market, which has been shut down since late 2007, may be making a comeback in 2010. The volumes will be a fraction of the peak, the capital structure will be simple, and the equity structures will be thicker, but the...
Wall Street Journal  Nov 17  Comment 
Collateralized loan obligation funds, one of the main sources of funding for leveraged private- equity deals in the credit bubble, are showing signs of a comeback.
PR Newswire  Nov 5  Comment 
SAN FRANCISCO, Nov. 5 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE: KFN) ("KFN" or the "Company") today announced its results for the third quarter ended September 30, 2009. Third Quarter 2009 Highlights -- Net income for the third
Bloomberg  Oct 12  Comment 
Barclays Plc, the U.K.’s second- largest bank, is considering further sales of credit assets, including collateralized loan obligations, to reduce the risk of writedowns, according to a person familiar with the situation.
Sober Look  Aug 17  Comment 
The recent rally in leveraged loans is making it's way into the secondary CLO market. In the dark days of late 08 - early 09, secondary CLOs got hit from several sides. On one hand the natural buyers for senior paper have all but disappeared due...
Financial Times  Jul 30  Comment 
Alcentra is to take over the management of Rabobank's collateralised loan obligations business, in a rare example of long awaited consolidation in the sector
MarketWatch  Jul 28  Comment 
KKR Financial Holdings says it delevered four of its collateralized loan obligations to boost liquidity, while projecting a quarterly profit.
Sober Look  Jul 27  Comment 
Moody's has become a downgrading machine. Just in the second quarter of 2009 alone, Moody's downgraded 510 CLO tranches from 93 transactions ($33 billion of paper). These are structured deals with mostly corporate loan collateral. 74% of the...
Financial Times  Jul 20  Comment 
A majority of the safest debt issued by complex loan funds at the height of the credit market boom could lose its prime rating
Wall Street Journal  Jun 29  Comment 
A handful of debt issued by investment vehicles known as collateralized loan obligations is up for sale ahead of the July 4 holiday in the U.S.
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A Collateralized Loan Obligation, or CLO, is a synthetic investment created by bundling a pool of similar loans into a single investment that can be bought or sold. An investor that buys a CLO owns a right to a part of this pool's interest income and principal. A CLO is actually at specific type of CDO, that uses loans to highly leveraged businesses as the underlying asset.

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