More BWICs Hit Market

09 Oct 2008

At least three BWICs--bids wanted in competition--launched last week as collateralized loan obligations, total return swaps and other funds chose or were forced to sell assets.

At least three BWICs--bids wanted in competition--launched last week as collateralized loan obligations, total return swaps and other funds chose or were forced to sell assets. Many TRS and market value CLOs are hitting trigger points as asset values fall. "The structures of these CLOs [mean] they hit ...

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