Deals
JPMorgan Said to Raise $560.1 Million CLO for Och-Ziff Capital
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JPMorgan Chase & Co. raised a $560.1 million collateralized loan obligation for Och-Ziff Capital Management Group, according to two people with knowledge of the deal.
The fund includes a $336.5 million slice rated AAA that pays a rate of 148 basis points more than the London interbank offered rate, said the people, who asked not to be identified because the terms haven’t been announced publicly. Libor is the rate at which banks say they can borrow in dollars from each other.