KKR CLO preps market for busy September calendar

Bond market graph volatility from Adobe 22May20 575x375
By Paola Aurisicchio
09 Sep 2020

KKR priced a $450.75m CLO arranged by Credit Suisse this week, setting the stage for what CLO players expect to be a busy September for new issuance.

The CLO includes a $268m senior tranche sold at 150bp over three month Libor, the tightest spread on senior notes seen since April and 5bp tighter than the previous Covid-era record, for a deal printed by BlackRock at the end of July.

The KKR deal opens up what ...

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