Higher Pricing & OIDs, A Dismal Near-Term For CLOs

August 29, 2008 12:00 am

The market has spoken. Pricing on B2/B-rated credits will sit at LIBOR plus 4% in January and an original issue discount of 98 will be a fixture on new '08, '09 vintage deals, according to a Credit Investment News anonymous snap survey on the direction of the market.

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