US CLO Managers’ Ranking Based on Post-Reinvestment-Period Prepayment Rates (Part 1)
March 9, 2024
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The rate of paydown for CLO-rated debt after the conclusion of the reinvestment (RI) period is influenced by several factors. These include the behavior of the CLO manager, prevailing market conditions, and specific terms detailed in the CLO’s post-RI documentation. In addition, the composition of the collateral pool also plays a role.
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