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CLOs

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  • More bid lists comprising European collateralized loan obligation bonds surfaced this week, as hedge funds—particularly U.S.-based players—continue to try and lock in profit on the back of the market rally.
  • Citigroup is said to be aiming to bring a euro-denominated collateralized loan obligation, sized between EUR150-200 million ($200.2-267 million), to market within the next three months.
  • Wells Fargo priced two collateralized loan obligations Thursday, following up GSO Blackstone Debt Fund Management’s $727 million Sheridan Square with a $412.71 million broadly-syndicated loan deal from Chicago Fundamental Investment Partners, a publicly-traded investment manager.
  • GSO Blackstone Debt Funds Management hit new tights on the triple-A rated portions of its recent $727.33 million collateralized loan obligation Sheridan Square.
  • GSO Blackstone Debt Funds Management’s new collateralized loan obligation has been upsized to $727.33 million ahead of pricing up from the previous $520.46 million.
  • More banks are pitching collateralized loan obligations to loan managers in Europe, amidst further signs that Europe’s dormant CLO market is set for a return.
  • Invesco Senior Secured Management is said to have raised a $411.9 million collateralized loan obligation via Citigroup.
  • Price guidance on Cairn Capital’s European collateralized loan obligation, Cairn CLO III, emerged Monday.
  • A bid list comprising mezzanine tranches of European collateralized loan obligations was scheduled to trade Friday afternoon, continuing the recent flow of bids-wanted-in-competition in the European CLO sector.