Latest CLO repricing auction fails to reset spreads

Volatility_AdobeStock_575x375_08April20
By Paola Aurisicchio
30 Sep 2020

A CLO managed by Seix Investment Advisors that was to be repriced through an online auction this week did not hit the desired levels to reset the spreads on the bonds.

After the first successful applicable margin reset (AMR) auction in January, the viability of the method of repricing the bonds was tested on Tuesday in a new auction via online platform KopenTech. Ultimately, the attempt was derailed by broader market volatility, widening spreads and reduced liquidity, according to ...

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