Bank of America has raised a new a $410 million loan fund, Bloomberg reports. The Madison Park VII collateralized loan obligation (CLO) will be managed by Credit Suisse Asset Management. The vehicle includes a $253 million tranche. The loan obligation also includes a $37.5 million slice, a $34 million piece and $22 million of debt among others. The CLO has a coupon of 125 basis points more than the London interbank offered rate.
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