June 30 (Bloomberg) -- Deutsche Bank AG is seeking to raise a collateralized loan obligation to be managed by Octagon Credit Investors with a proposed size of $405.9 million, according to people with knowledge of the discussions.
The CLO may include a $254 million slice rated AAA by Standard & Poor’s, said the people, who declined to be identified because the terms are private.
CLOs are a type of collateralized debt obligation that pool high-yield, high-risk loans and slice them into securities of varying risk and return.
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