The CLO will have a five-year reinvestment period and a two-year
non-call period with Pretium Credit Management acting as the collateral manager.
Marble Point CLO XI has a two year
non-call period and a five-year reinvestment period with a final maturity of 13 years.
RR 1 is backed by a portfolio of broadly syndicated loans with a two-year
non-call period and a five-year reinvestment period.
Carlyle Euro CLO 2017-1 has a four-year reinvestment period and a two-year
non-call period, with a final maturity in July 2030.
The
non-call period is five years from the issue date.
KVK CLO 2013-1 has a four-year reinvestment period, scheduled to end in April 2017, as well as a two-year
non-call period that will end in April 2015.
The accrual term will be the five year
non-call period.
The CLO will be backed by a portfolio of primarily senior-secured leveraged loans and will have an approximately four and one-quarter year reinvestment period and a two-year
non-call period.
For example, EMEA deals continue to represent the highest percentage of deals which grant an issuer a right to call 10% of an issue at 103% annually during the
non-call period and the highest percentage of deals permitting the sale of the issuer to a third party without triggering a change of control put right if certain tests are met (so-called change of control portability).
The
non-call period is expected to be a minimum of five years from the issue date.
Regatta II Funding has a four-year reinvestment period, scheduled to end in January 2017, as well as a two-year
non-call period that will end in January 2015.
SpareBank One SR-Bank has announced that it will issue new bonds on the Norwegian bond market, envisaging callable bonds in two tranches: one with a variable coupon rate and one with a fixed coupon rate in the
non-call period.
