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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 Credit Suisse 51,313.00 155 5.49%