Barclays' CLO Prices

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Barclays' CLO Prices

 Credit Suisse First Boston priced liabilities to fund Barclays Capital Asset Management's latest effort in the collateralized loan obligation market. The asset manager's latest $300 million CLO, Venture CLO 2002, is comprised of 90% senior secured leveraged loans and 10% high yield bonds and marketing of the notes was scheduled for the first week of February (LMW 2/4). The deal is now reportedly ready to close. Officials at Barclays did not return calls by press time. The Standard & Poor's $237 million triple-A rated tranche is priced at LIBOR plus 46 basis points; the $20 million single-A rated tranche is priced at LIBOR plus 155 basis points; the $13.25 million triple-B rated tranche priced at LIBOR plus 270 basis points. The investor on the remaining equity portion could not be determined by press time.

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