Citigroup Sells Largest 2011 CLO for Guggenheim Investment
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Citigroup Inc. sold a $1 billion collateralized loan obligation for Guggenheim Investment Management LLC, the largest such fund of the year, according to people with knowledge of the deal.
A $600 million portion of the fund rated AAA by Standard & Poor’s pays a coupon of 175 basis points more than the London interbank offered rate, said the people, who declined to be identified because the terms are private.