CVC hits the tightest triple-A spreads since 2018

By Paola Aurisicchio
17 Feb 2021

CVC Credit has pushed triple-A spreads to tights not seen since March 2018 with its new CLO issue, Apidos XXXV.

CVC issued a $458m CLO on Tuesday through Bank of America. The deal had a $315m senior tranche, sold at 105bp over three month Libor. Average senior spreads were 98bp in March 2018 and have been wider for the intervening period.

The deal has been structured with a ...

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