Mizuho to Launch Two CLOs

Mizuho Securities is gearing up to launch two high grade CLOs, according to Alex Rekeda, head of U.S. structured credit at the firm. One of the deals, which is set to price in the next ten days, has already sold the senior tranche, equity tranche, triple-B and double-B tranches of the transaction. The firm also plans to ramp up its efforts in the CLO space going forward, noting the increased opportunity to buy collateral at the right price in order to make arbitrage work, Rekeda said., according to Alex Rekeda, head of U.S. structured credit at the firm. One of the deals, which is set to price in the next ten days, has already sold the senior tranche, equity tranche, triple-B and double-B tranches of the transaction. The firm also plans to ramp up its efforts in the CLO space going forward, noting the increased opportunity to buy collateral at the right price in order to make arbitrage work, Rekeda said.