Sept. 21 (Bloomberg) -- Citigroup Inc. raised a $352 million collateralized loan obligation for Apidos Capital Management LLC, according to two people with knowledge of the deal.
The fund, Apidos CLO VIII, includes a $231.2 million AAA slice that has a coupon of 150 basis points more than the London interbank offered rate, 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.
To contact the reporter on this story: Kristen Haunss in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Faris Khan at email@example.com