GC Asia
CDO Investors Grapple To Stave Off Liquidation
Some investors in collateralized debt obligations facing potential events of default are battling to gain control of the deals to stave off liquidation.
--Aaron Johnson
Some investors in collateralized debt obligations facing potential events of default are battling to gain control of the deals to stave off liquidation. “They’re finding the cost of buying out the junior bonds outweighs the cost of just selling [in a liquidation],” said one structured finance lawyer.
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