Blackstone/GSO Debt Funds is marketing a €403.55 million collateralized loan obligation, according to a presale report published today by Standard & Poor’s.

The deal, Grand Harbour I, is only the third to hit the market since the financial crisis, although several others are in the works. It consists of six tranches of rated notes totaling €355 million and €48.35 million of unrated subordinated notes.

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