easy · Corporate Credit Analysis
A CLO (Collateralised Loan Obligation) has a pool of loans with a total par value of $500M. It has issued a Senior Tranche with a par value of $350M.
What is the current Overcollateralisation (OC) test ratio for this Senior Tranche?
- 115.0%
- 142.9%
- 70.0%
- 30.0%
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