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Talk Your Book: CLOs – The Providers of Leverage
Animal Spirits Podcast
How to Buy a CLO Debt
A CLO borrows for 12 years and makes five to seven-year loans. Those loans typically pay off in three or four years because of the prepayment rate. The people who buy that at the top of the capital structure, kind of AAA, AA, and single A is often banks and insurance companies are some of the largest investors.
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