Chenavari to price debut CLO 2.0 as juniors weaken

Software Trading
By Tom Porter
07 Aug 2014

Chenavari Investment Managers will look to price its debut European CLO 2.0 on Friday, defying weaker trading in a more illiquid summer market that has sent junior euro CLO tranches materially wider.

Chenavari is targeting a swift execution for its €308m Toro European CLO 1 Limited transaction, which carries Reg S/144a documentation and will comply with both US and European risk retention rules.

Lead manager Deutsche Bank put out price guidance for the deal on Thursday morning, saying books on ...

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