Avoca follows ICG to shoot CLO inside 135bp

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Avoca follows ICG to shoot CLO inside 135bp

Avoca CLO 230x
Belfast, United Kingdom. 6th June 2013 -- A man escaped injury after two men burst into his home in Avoca Court around 9:30am, and fired a single shot from a shotgun towards him before running off. Man escapes injury after shotgun attack in Belfast | Stephen Barnes / Demotix/Demotix/Press Association Images

KKR's Avoca Capital has built on a very minor recent tightening in primary euro CLO spreads this week by pricing the senior notes of its second European deal of the year at 134bp over Euribor, in line with Intermediate Capital Managers’ St Paul’s CLO V transaction last week.

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