Chenavari may puncture July lull with Volckerised Toro CLO

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By Tom Porter
22 Jul 2014

Chenavari has opened books on its euro denominated and Volcker compliant Toro CLO, while two rivals may follow closely with their own euro deals after a quiet month so far for the asset class in Europe.

Chenavari opened books on Tuesday morning for the €360m deal, which is a rarity in that it will comply with both European 5% risk retention rules and the US Volcker rule.

Lead manager Deutsche Bank put out initial price thoughts for the €205.75m senior notes in Toro ...

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