Barclays lands tightest 2020 CLO with second CIFC deal

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By Tom Brown
25 Feb 2020

Barclays has achieved the tightest cost of liabilities this year for its CIFC Euro CLO II, which saw triple-A rated notes priced 2bp inside any other European CLO issued in 2020 at 90bp over three month Euribor.

The €415.7m deal has a maximum weighted average life of 8.5 years, with the EU risk retention held horizontally. The deal closes on April 22 and has its reinvestment period on October 15, 2024.

The €248m senior tranche has a credit enhancement of 38% and was issued at ...

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