Jubilee CLO 2014 XI BV

28 February 2014

Law Debenture Trust Company of New York has been appointed as trustee for these new notes.  This is the first Euro CLO of the year and one of the first deals impacted by the Volcker Rule.  The Volcker Rule is a recent U.S. regulation that is meant to help prevent another credit crisis by prohibiting U.S. banks from proprietary trading in hedge funds or private equity funds.  Jubilee CLO 2014-XI B.V. took advantage of an exemption to this prohibition by agreeing not to trade the bonds in its portfolio for profit.
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