Banco Santander has priced the second synthetic securitisation of Spanish SMEs off its Magdalena series. Pricing for the unrated credit linked note was 155bp inside the first deal from May 2017.
Credit Suisse Asset Management sold a large €508.5m CLO off its Cadogan Square platform last week and found fairly taut pricing despite the general market weakness.
Anchorage Capital Group has priced the first collateralised bond obligation (CBO) seen in Europe since the financial crisis, backed by a mix of bonds and loans.
KKR Credit Advisors priced a €468.6m reset of Avoca CLO XVI on Friday. Deutsche Bank was arranger and lead manager. Levels include 84.5bp over Euribor at the Triple A, the Double Bs at a discount margin of 575bp and the Single Bs at 790bp.
One CLO new issue last week broke into the 90s for its Triple As, while Double B prices edged closer to the 600bp mark.