Bloomberg News

Citigroup Said to Raise $458.7 Million CLO for Fraser Sullivan

April 11, 2012

Citigroup Inc. (C:US) raised a $458.7 million collateralized loan obligation for WCAS Fraser Sullivan Investment Management LLC, according to a person with knowledge of the deal.

The fund includes $273.5 million slice rated AAA by Standard & Poor’s, which pays interest at 1.3 percentage points more than the London interbank offered rate, said the person, 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 khaunss@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net


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Companies Mentioned

  • C
    (Citigroup Inc)
    • $50.03 USD
    • -0.06
    • -0.12%
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