European CLOs rise in secondary with Sound Point deal up 4.25 cents from issuance

By Sayed Kadiri

Double-B rated CLO tranches received bids in the high 90s on Wednesday with Sound Point Capital Management’s debut European CLO attracting the highest cover of 98.25 cents on the euro. But the CLO rally is lagging moves in corporate credit

 

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TAGS: Europe CLO Secondary market Sound Point CVC Credit derivatives Pricing Primary market