4th Feb 2021 17:36
Marble Point Loan Financing Ltd - Guernsey-domiciled closed-ended investment company - Invests USD12.7 million in Marble Point CLO XIX Ltd, a new issue collateralised loan obligation. The estimated effective yield is between 12.0% and 14.0%. Marble Point CLO XIX is forecast to have around a 5 year reinvestment period, 2 year non-call period, and 13 year maturity. The expected weighted average cost of debt is LIBOR plus 197 basis points.
Current stock price: USD0.63
Year-to-date change: up 10%
By Anna Farley; [email protected]
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