CSAM prices largest CLO in two years

Credit Suisse Asset Management (CSAM) has priced the largest CLO in the past two years, a $850m transaction with a three year reinvestment period called Madison Park Funding XLVIII.
The deal, priced on Tuesday, includes $544m of senior notes rated triple-A by S&P that were sold at 115bp over three month Libor. Strong demand from triple-A investors and the availability of collateral loans, according to sources, have driven the large issuance. The spreads being offered on triple-A
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