Commercial real estate CLOs heat up

A new CLO backed by commercial real estate loans has been priced this week, with spreads grinding tighter as investors snap up floating rate real estate debt.

  • By David Bell
  • 09 Aug 2017

A10 Capital sold the $314.1m A10 Term Asset Financing on Wednesday, pricing the senior triple-A ‘A-1FL’ notes at 85bp over one month Libor. The spread was in line with guidance and is at the tight end of where other recent offerings have been priced.

The deal is backed ...

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1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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3 Wells Fargo Securities 72,661.39 222 9.64%
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5 Credit Suisse 41,885.89 127 5.56%