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Concorde is a €383 million collateralized loan obligation that closed in January 2009. The Concorde portfolio includes primarily European senior secured leveraged loans. Prudential’s European Bank Loan team in London is acting as Liquidation Agent and has not participated in the selection or purchase of the portfolio.
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| Closing Date |
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January 28, 2009 |
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| Initial Measurement Date |
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January 26, 2009 |
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| Distribution Dates |
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January 25 and July 25 |
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| Optional Redemption Date |
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Not before January 25, 2011 |
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| End of Reinvestment Period |
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NA |
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| Maturity Date |
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January 25, 2019 |
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Type
Cash Flow CLO
Underwriter
Barclays Bank PLC
Rating Agencies
S&P
Trustee
Deutsche Bank
Portfolio Manager
Jonathan Butler
CDO Analyst
Sarah McMullen
+44 (0)20 7766 2539
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Tranche |
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Initial Ratings |
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Current Ratings |
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Principal Amount (€) |
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Interest Rate |
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Class A |
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AAA |
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AA- |
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250,000,000 |
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6M Euribor + 1.10% |
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Class B |
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AA |
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BB+ |
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40,000,000 |
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6M Euribor + 1.50% |
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Subordinated Notes |
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NR |
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NR |
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93,000,000 |
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NA |
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Total |
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383,000,000 |
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