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Glacier causes spread shrinkage in CDOs

Following a last-minute adjustment, the $296 million Glacier CDO I pushed the spread boundaries for structured finance-backed CDO product, sources said. The deal's 4.1-year $190 million super-senior tranche priced at 41 basis points over three-month Libor, one basis point behind the all-time tight levels.

A source close to the...

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