Citigroup on Tuesday priced a $408 million CLO managed by BlackRock, according to sources.

The BMI CLO I priced as follows: Libor plus 125 basis points for the $259 million triple-A tranche, which makes up 63.5% of the overall structure; Libor plus 190 basis points for the double-A tranche; Libor plus 250 basis points for the single-A tranche; Libor plus 275 basis points for the triple-B tranche; and Libor plus 300 bps for the double-B tranche.

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