Blackstone Inc has priced a nearly $1bn private credit collateralised loan obligation (CLO) at one of the tightest spreads seen this year, highlighting sustained investor appetite despite broader caution in the direct lending market, according to a report by Bloomberg.
The AAA tranche of the vehicle priced at 137 basis points over a floating-rate benchmark, slightly tighter than the year-to-date average of 140 basis points and well below the 153 basis points seen in 2025 and 180 basis points in...
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