First-pay single Bs price at 185bp as bank issues Greek SME CLO

By Sayed Kadiri

Thursday, August 11, 2016

You can get hold of single-B rated debt in European CLOs at 11%. But investors looking to buy into the National Bank of Greece's new SME CLO would have had to settle for 185bp over Euribor for single-Bs, which are admittedly the senior-most notes in the Sinepia CLO

 

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