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Sound Point Euro CLO 14 Sets a New AAA-BB Pricing Benchmark (Updated)

The recent pricing of Sound Point Euro CLO 14 has established a new benchmark for the AAA-BB pricing differential. In today’s higher interest rate environment—particularly when contrasted with the negative 3M EURIBOR period from mid-2015 to mid-July 2022—demand for EU CLO BB tranches remains strong. Combined with a resilient underlying loan market, primary and reset…

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