Some companies whose loans are trading around 70 cents on the dollar will struggle to refinance their debt, and will instead fail, according to
Choi spoke to Bloomberg’s Carmen Arroyo in a series of interviews that ended on May 23. Comments have been edited and condensed.
CLO issuance has slowed down, mainly because the profitability of issuing has fallen for firms that don’t retain the riskiest part of their deals. Is that changing anytime soon?
The equity arbitrage is certainly challenged and there are very ...