PineBridge Prices CLOs AAAs At 129 BPS

PineBridge Investments has priced its $403.75 million collateralized loan obligation, Galaxy XI CLO 2011-1A, increasing it from an initial $301.5 million.

  • 13 Jul 2011

--Joy Wiltermuth

PineBridge Investments has priced its $403.75 million collateralized loan obligation, Galaxy XI CLO 2011-1A, increasing it from an initial $301.5 million.

Goldman Sachs arranged the vehicle, pushing out the $259 million AAA tranche at LIBOR plus 129 basis points. Further down the capital structure, the $26 million AAs ...

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