Nuveen breaks ground with reset of a short-dated 2022 CLO

By Tom Davidson

Monday, July 17, 2023

Bank of America priced an intriguing reset of a 2022 CLO for Nuveen last week, despite challenges on the arbitrage

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TAGS: CLO BofA Nuveen Pricing Primary market North America

Comment by: Anonymous. Posted 9 months ago [2023-07-19 19:37:33]

Correction - we missed that the original senior tranches included 10bp of CSA. Added that in to the overall spread means the AAAs actually came in 15bp not 5bp as we stated. That in turn means the original cost of funding was 253bp, and the reset tightened funding costs by four bp. Apologies to Nuveen for the confusion.

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