CSAM boosts latest CLO as market hits $112bn

By David Bell
08 Nov 2018

Credit Suisse Asset Management increased the size of its latest CLO by over $200m on Thursday, with ICG also pricing a new deal this week to bring year to date volumes in the US to $112bn.

CSAM priced the $816.7m Madison Park Funding XXXI CLO on Thursday with Bank of America Merrill Lynch arranging the sale.

The firm priced the $456m ‘A-1’ tranche at 116bp. The most junior class of bonds, a $30m ‘E’ class rated double-B, was priced at 560bp.

The deal ...

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