New Low for CLO AAA: Palmer Square Capital Management CLO refinanced a $322.1 million collateralized loan obligation, reducing the spreads on the senior, triple-A rated notes to 97 basis points, according to a presale report published by S&P Global Ratings. That marks the second deal this year to cut the discount margin rate inside of 100 basis points.  

The AAA-rated notes of the Palmer Square 2013-1 transaction originally had a coupon of 125 basis points over Libor, according to S&P.

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