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.