CSAM prices largest CLO in two years

Credit Suisse large
By Paola Aurisicchio
20 Jan 2021

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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