ING CLO Continues Tightening Trend

ING Alternative Asset Management priced the first collateralized debt obligation of March with the $361.9 million ING IM CLO 2012-1, marketed by Credit Suisse, and garnered yields on the $227 million of AAA-rated liabilities of LIBOR plus 145 bps, continuing the tightening trend for top-rated CLO liabilities, according to market players.