Morgan Stanley last week priced the notes for AIG Global Investment Group's seventh collateralized loan obligation, Galaxy IV, with the triple-A's printing at LIBOR plus 28 basis points. The deal was kept to $400 million, despite bankers noting that AIG could have brought a $1.2 billion CLO to the market, based off massive demand for the equity piece. The triple-A portion of the deal comprises two parts. A $235 million tranche and a $65 million delayed draw tranche. According to Standard & Poor's, by closing, approximately $234.6 million of the target portfolio will have been purchased. There is a six-month ramp-up period. AIG officials declined comment.