NewStar Financial has launched a $400 collateralized loan obligation that complies with European risk retention standards, according to Fitch Ratings.

NewStar Commercial Loan Funding 2015-2 LLC will issue two tranches of notes with a preliminary ‘AAA’ rating from Fitch: $205 million of class A-1 notes being marketed at three month-Libor plus 200 basis points and $23 million of class A-2 notes marketed at a fixed rate of 3.167%. Both benefit from credit enhancement of 43%

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