Citigroup is shopping two collateralized loan obligations totaling nearly $1 billion this week, according to presale reports from Standard & Poor’s.
Cent CLO 17 has a target par amount of $400 million of which $370 million has been identified.
Managed by Columbia Management, it includes a $262 million tranche with a preliminary ‘AAA’ rating from S&P that is being offered at three-month Libor plus 130 basis points.
The cash-flow deal has a four-year reinvestment period and is non-callable for two-years.
Columbia Management had nine CLOs as of June 2012, and a total of $5 billion in various kinds of assets under management.
Citi is also arranging Carlyle Global Market Strategies CLO 2013-1, which has a targeted par amound of $542.4 million.
Managed by affiliates of the Carlyle Group, it includes a $380 million, ‘AAA’ tranche that is also being offered at Libor plus 130 basis points.
The cash-flow deal also has the now standard four-year reinvestment period and two-year non-call period.
Carlyle currently manages 23 S&P-rated CLOs with total assets of $9.47 billion.
