ICG Begins Marketing New St Paul's CLO

Intermediate Capital Group will start a roadshow next week for its latest European collateralized loan obligation, St Paul's CLO IV, with pricing set to be tighter than its CLO sold in November last year. Deutsche Bank is arranger and sole lead on the EUR360 million ($468.81 million) St. Paul&#...

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Bibliographic Details
Published inTotal Securitization
Main Author McDevitt, Joseph
Format Trade Publication Article
LanguageEnglish
Published New York Euromoney Institutional Investor PLC 03.02.2014
Subjects
Banks
Collateralized loan obligations
Investment companies
Germany
Online AccessGet full text
ISSN1938-7504

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Summary:Intermediate Capital Group will start a roadshow next week for its latest European collateralized loan obligation, St Paul's CLO IV, with pricing set to be tighter than its CLO sold in November last year. Deutsche Bank is arranger and sole lead on the EUR360 million ($468.81 million) St. Paul's CLO IV. It has gone out with a coupon of 140 basis points over three-month EURIBOR for the triple-A senior tranche, 180 bps over the three-month EURIBOR for the double-A tranche and 300 bps over for the single-A tranche.
ISSN:1938-7504