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Reply #52: US court approves Lehman CLO deal [View All]

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Demeter

(1000+ posts) Send PM | Profile | Ignore

Sat Aug-20-11 07:35 AM
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52. US court approves Lehman CLO deal

A US bankruptcy court has approved a deal on Wednesday to securitise a $5.3bn portfolio of loans made by the former investment bank Lehman Brothers, in a sign both of the quiet revival and the changed nature of the market for complex financial products.

WCAS Fraser Sullivan is to take over management of the assets and will generate cash for creditors by selling a series of collateralised loan obligations – instruments that pool assets, which are then sliced into tranches of varying risk and return.

Read more >>
http://link.ft.com/r/4RNQTT/FKY2VT/Z87P0/WLU11G/KQ9VV6/LE/t?a1=2011&a2=8&a3=17

AND THIS IS THEIR SOLUTION?

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