BlackRock's Magnetite XXVI, led by Goldman Sachs, is poised to set a new benchmark for CLO new issue pricing early next week, said investors close to the matter, adding that "all classes appear oversold." Goldman tightened the $400 million (1 non-call/3-year reinvestment period) BSL CLO single-A talk to Libor plus 330 basis points (bps) from 340 bps area and firmed up talk on the AAA-rated offerings to 185 bps. Fifteen of these offerings are inside Dryden 77, the only other three-year reinvestment CLO to price since COVID-19 crushed the market. Two . . .
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