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ABA
September 13, 2019  

KopenTech Seeks Finra Approval

A technology company that formed last year to facilitate a new process for refinancing collateralized loan obligations plans to register as an alternative trading system.The designation would allow KopenTech to work with CLO issuers and investors to reset interest rates on outstanding deals without issuing new securities, as is standard with traditional refinancings. To date, five collateralized loan obligations have been issued with terms that...


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