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Investor sends out a €122 million loan b-wic
Tuesday, November 15, 2011
A €122 million European loan b-wic is scheduled to close tomorrow afternoon, according to market sources. The bid list being circulated is said to consist of 32 names which includes a €7.5 million term loan A from PagesJuanes. The French telephone directory firm is a widely held credit in the world of CLOs and according to CLO-i, 75.8% of European deals have exposure to the credit.
The originator of the b-wic is not yet known.
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CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
