Feb. 24 (Bloomberg) -- Nomura Holdings Inc. raised a $350 million collateralized loan obligation for Invesco Ltd., according to three people with knowledge of the transaction.
The Avalon IV Capital CLO includes a $231 million slice rated AAA by Standard & Poor’s that pays a rate 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.
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