Cairn prices €419 million CLO with triple-As tight of market

By Dan Alderson

Recent spread dispersion in the European CLO market is evidenced by Cairn Loan Investments’ pricing of a €418.73 million CLO in which the triple-A tranche came tight of the 10-day rolling average but the single-B piece was deeply discounted

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TAGS: Europe CLO Citi Cairn Primary market