GSO CLO hits tightest triple-A since start of pandemic

BondsTime_Adobe_575x375
By Paola Aurisicchio
01 Jul 2020

Triple-A spreads on new issue CLOs hit 160bp this week, the tightest since the start of the pandemic, as GSO priced a $361m transaction arranged by BNP Paribas.

Blackstone’s credit management unit priced its second CLO since the outbreak of Covid-19 with a $248m senior tranche rated triple-A by S&P Global Ratings. The bonds were sold at 160bp over three month Libor. The deal has a three year reinvestment period, the common duration for managers pricing ...

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