Static shock: short-dated CLO spreads rally as Palmer Square prices new CLO

By Seth Brumby

Palmer Square Capital Management produced its fifth static CLO of 2018 on Friday in a $501.45 million deal, which priced tighter than its previous static CLO from September. That's despite the fact that CLO spreads, in general, have widened over that period 

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: CLO Citi Palmer Square Pricing Primary market North America