Dam breaks as first fully Sofr-CLOs shed light on price discovery

By Hugh Minch

AB, Palmer Square Capital Management and New York Life Investment Management on Friday became the first CLO managers of deals with a full capital stack linked to Libor replacement rate Sofr, shedding light on the price discovery process after weeks of speculation

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TAGS: Refinancing CLO Citi Morgan Stanley BofA Palmer Square Pricing Primary market AB North America NYL

View details on CLO-i: AB BSL CLO 1 TCI-Flatiron 2016-1