Tricon Capital Group pays 125 basis points over one month Libor on the triple-A, two-year notes issued under its inaugural single family rental securitization, Tricon American Homes 2015-SFR1, according to a pricing document.

That’s 10 basis points tighter than what Blackstone’s Invitation Homes pays on the triple-A, two-year notes issued from its IH 2015-SFR2. Morningstar, Moody's Investor's Service and Kroll Bond Ratings assigned ratings to the senior notes.

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