Zais CLO reset prices wide of market, but strong portfolio boosts junior tranches

By Sayed Kadiri

Friday, October 15, 2021

Zais Group has followed up its new issue CLO last month by resetting a 2020 CLO, sources say. Just like Zais CLO 17, the reset Zais 16 was arranged by Jefferies, and again priced substantially wide of market averages. However, the junior notes priced in line with, and at times tighter than, Zais 17 – perhaps reflecting the strong positioning of Zais 16’s portfolio.

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TAGS: Refinancing CLO Zais Jefferies Pricing Primary market Performance North America

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