Fidelity Moves Closer To Ballyrock Pricing

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Fidelity Moves Closer To Ballyrock Pricing

Goldman Sachs is moving closer to pricing the notes for Fidelity Investment's latest collateralized loan obligation.

Goldman Sachs is moving closer to pricing the notes for Fidelity Investment's latest collateralized loan obligation. According to one banker, the $400 million deal, part of Fidelity's Ballyrock series, could be increased to $500 million due to significant investor demand. The banker also said that pricing is likely to be around LIBOR plus 28 basis points on the AAA part of the structure. Harley Lank, portfolio manager for the Ballyrock CLOs, declined comment, as did Goldman officials.

 

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