Sofr/Libor CLO basis rises to 20bp as Marathon prints double As with alternative benchmark

By Sayed Kadiri

Thursday, November 11, 2021

Bank of America has inked the second Sofr CLO tranche as part of a $429.6 million new issue deal for Marathon Asset Management

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TAGS: CLO BofA Marathon Pricing Primary market North America

Comment by: Sayed Kadiri. Posted 2 years ago [2021-11-11 15:11:50]

Excellent observation, anonymous

Comment by: Anonymous. Posted 2 years ago [2021-11-11 14:23:35]

One point about the SOFR adjustment is that Marathon's deal has a five-year reinvestment period versus a three-year for the Onex deal referenced. It is likely that is the driver behind the +20 bps adjustment compared to the Onex at +15bps

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