Columbia Management prices CLO with AMR feature

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By Paola Aurisicchio
13 Jul 2020

Columbia Management Investment Advisers has priced a CLO with the ability to reprice the bonds via applicable margin reset (AMR), an alternative method of resetting the price of the securities that was tested for the first time at the beginning of this year.

Columbia Management, the investment arm of Ameriprise Financial, priced a $395m CLO arranged by Jefferies on Monday that includes $200m of senior notes rated triple-A by S&P Global Ratings. The bonds were sold at 170bp over three month Libor. 

The CLO has a three year reinvestment period and the ...

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