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Broadly syndicated loans pricing over SOFR make their debut

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Broadly syndicated loans pricing over SOFR make their debut The first broadly syndicated loans (BSLs) priced over the secured overnight funding rate (SOFR) have approached the market, but whether the floodgates open to more loans priced over the Libor-replacement rate remains uncertain. Investors may not even see new collateralized loan obligations (CLO), which purchased 70% […]