Aladdin Capital, which just closed its first CLO transaction via underwriter Banc of America Securities (BAS) in July, is ramping-up its second loan issue for the fourth quarter. According to senior portfolio manager, Gilles Marchand, the firm is leaning towards a synthetic transaction.

Although a firm mandate isn't expected until late September, BofA is tipped to lead Aladdin again, but this time using its SERVES synthetic CLO product, which would be a $400 million deal. If Aladdin goes with a cashflow structure, a $400 million to $500 million issue is likely.

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