Barclays lands tightest 2020 CLO with second CIFC deal

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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