Spire Partners grinds CLO spreads to new tight levels
Spire Partners set a new tight level for new issue European CLOs last Friday, as triple-A spreads continued to rally and spreads at the junior end of the capital stack also show signs of tightening.
Barclays priced the €220m ‘A’ class of Aurium III notes at 88bp over three month Euribor, the tightest level achieved by a new issue this year.
Reset deals, such as ALME Loan Funding III and Avoca CLO XII have achieved tighter pricing at the triple-A end of the
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.