JPMorgan is closing $8.3 billion notional worth of synthetic investment-grade CBOs via two deals in April, according to European investors: the AMBER $1 billion notional arbitrage static pool synthetic investment grade CBO and the Horizon $7.3 billion CBO linked to a Moody's IG of 2088 corporate credits rated Baa3 to A1.

Horizon, the largest visible USD IG CBO to date, is believed to have priced its mezzanine notes and the balance of the structure ($6.9 billion super senior) will settle this month.

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