BlackRock, GoldenTree find new tights for Covid CLOs

Data_AdobeStock_575x375_20May20
By Paola Aurisicchio
28 Jul 2020

Spreads on new issue CLOs moved tighter as BlackRock and GoldenTree Asset Management priced senior bonds at 155bp over three month Libor, scoring the tightest triple-A pricing since March.

GoldenTree priced a $443.47m CLO arranged by Bank of America, Morgan Stanley and Wells Fargo at the end of last week, with the $280m senior notes priced at 155bp over three month Libor. BlackRock priced a $502m CLO via Morgan Stanley the same day, also at 155bp for ...

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