Natixis prices HayFin’s novel multicurrency European CLO

Haymarket Financial added some structural diversity to the European collateralised loan obligation market this week, pricing its multicurrency Hayfin Ruby II SCA CLO, which was backed by a mixed pool of broadly syndicated loans as well as loans originated by Haymarket itself.

  • By Joseph McDevitt
  • 08 Aug 2013

The CLO notes were placed in both euros and sterling denominations, mirroring the underlying portfolio, which was split roughly 50/50 between euro and sterling-denominated collateral. 

The loan bucket consisted of about 90% senior secured loans. The CLO can also invest in up to 20% bonds, with non-senior secured bonds ...

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