Citi To Raise $395M CLO For Apidos

Citigroup is issuing a $395 million collateralized loan obligation.

Citigroup is issuing a $395 million collateralized loan obligation (CLO), Bloomberg reports. The Apidos CLO VIII will be managed by Apidos Capital Management. The CLO is likely to include a $264.4 million. The Apidos fund is expected to comprise a $40 million piece, a $27.8 million slice, a $16 million tranche and a $15 million portion.

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