Avoca VII CLO Investment
On 5 April 2007, BBGIL purchased EUR15 million of notes in a European collateralised loan obligation vehicle, Avoca VII CLO Plc, which is managed by Avoca Capital Holdings. These notes are secured by a portfolio of European leveraged loans. Avoca VII CLO securitisation's structure and type of underlying collateral is the same as that in the Avoca VI CLO securitisation.