Bank of America Merrill Lynch has priced a $405 million CLO for Sankaty Advisors, according to Bloomberg.

The CLO includes a $251 million piece rated 'AAA' by Standard & Poor's that has a coupon of Libor plus 160 basis points.

The deal comes on the heels of a $1 billion CLO priced Wednesday by Citigroup for Guggenheim Investment Management.

That CLO, the largest issued so far this year, includes a $600 million triple-A tranche priced at Libor plus 175 basis points and a $120.5 million equity portion.

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