CLO market eyes extended triple-A rally
Spreads on triple-A paper from new issue US CLOs are expected to touch the 130bp over Libor area for a deal from Octagon Credit Investors later this month, though observers say the market could tighten further.
Guidance for the Octagon deal, which is expected to be priced in the week of January 30, is in the range of 132bp-135bp over Libor for the senior class. That is nine basis points tighter than Octagon’s last deal of 2016, Octagon Investment Partners 29.While guidance for ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org