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Oxford Lane Capital Signs Repurchase Agreement With Nomura Securities for CDOs


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Oxford Lane Capital ( OXLC ) said late Tuesday it signed a repurchase pact with Nomura Securities International under which it sold collateralized loan obligation (CDOs) securities to Nomura with a market value of about $106.2 million for a purchase price of roughly $42.5 million.

At the end of the repo term, the company is obligated to repurchase those securities for the original purchase price plus accrued but unpaid funding costs, according to a statement.

The repo, which has a nine-month term that may be extended by mutual agreement, has a funding cost of 3-month LIBOR plus 3.35% per annum, which may be adjusted in the event of an extension of the Repo term.

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This article appears in: Investing , ETFs
Referenced Symbols: OXLC



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