CQS prices Deutsche-arranged euro CLO

By Joseph McDevitt
31 Oct 2013

CQS Investment Management priced its €361.55m Grosvenor Place 2013-1 collateralized loan obligation—arranged by Deutsche Bank—on Thursday afternoon, the first European CLO to be priced in six weeks.

The senior six year €202.13m A-1 tranche, rated triple-A by Moody’s Investors Service and Fitch Ratings, priced at three month Euribor plus 140bp. The class A-2s, rated Aa2 by Moody’s and AA by Fitch, were sized at €46.38m and printed at 210bp above the same benchmark. The A-2s ...

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