Citigroup Said to Sell $416 Million CLO for Doral Leveraged
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Citigroup Inc. sold a $416.2 million collateralized loan obligation for Doral Leveraged Asset Management, according to three people with knowledge of the deal.
The CLO includes a $269.5 million slice rated AAA by Standard & Poor’s that pays an interest rate of 147 basis points more than the London interbank offered rate, said the people, who declined to be identified because the terms are private.