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Review: The Reset of Madison Park Funding XXXI

The recent pricing of Madison Park Funding XXXI saw the deal’s liability notional slightly upsized by $18 million, from $718 million to $736 million, excluding the class X tranche of $8 million. No equity injection was needed, thanks to the good performance of this deal, with its pre-reset MVOC (BB) at around 106.4%, placing it…

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