GSO prices static CLO at tightest Covid-era spread

Happy market
By Paola Aurisicchio
17 Aug 2020

Triple-A spreads on new CLO issues hit 130bp last week — their tightest level since the beginning of the pandemic — as GSO priced a $300.15m static CLO arranged by Barclays.

Blackstone’s credit management unit priced its second static CLO since the outbreak of Covid-19 with a $194m senior tranche, which was rated AAA by S&P Global Ratings. It was priced at 130bp over three month Libor.

Over the last two months, triple-A spreads have been tightening to their ...

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