Angelo Gordon prices tightest European CLO post-covid

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By Tom Brown
02 Jul 2020

Angelo Gordon has broken the record recently set by Albacore to print new post-coronavirus tights, with Bank of America leading the senior notes to land at a discount margin (DM) of 150bp.

Albacore last week led investors to ignore typical new issue concerns with debut managers by landing its first deal in Europe at a DM of 153bp for the senior tranche, beating Mackay Shields’ BNP Paribas-led deal which saw seniors price at 155bp in the same week.

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