LCM Asset Management priced a $418 million collateralized loan obligation, bringing issuance for the year to date to $40.6 billion, according to Standard & Poor's.

The deal, LCM XIV Limited Partnership, includes a $250 million Class A of notes with a preliminary ‘AAA’ rating and a yield of Libor plus 115 basis points. That was in line with recent deals. Credit enhancement for the class of 37.5% is also in line with recent deals, according to ratings agency presale reports.

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