Chenavari may puncture July lull with Volckerised Toro CLO

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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