2016 US and EU CLOs: CLO Equity (“Amortized”) Price Vs Equity NAV Table 1 below shows the gap between the target (“amortized”) 2016 vintage US CLO equity tranche price (13 Aug) needed to get to a 12% IRR (assuming an issue price of $95) and their CLO equity NAV (based on 13 Aug loan prices)….
Tags:Amortised Price