Eaton Vance raises $140 million in IPO of new Credit Opportunities Fund

By Sara Rosenberg

New York, May 26 - Eaton Vance Corp. raised $140 million in the initial public offering of its new closed-end fund, Eaton Vance Credit Opportunities Fund, which invests primarily in bonds and loans, according to a company news release.

The underwriting syndicate was led by UBS Securities LLC.

The fund will invest at least 80% of its total assets in publicly and privately issued bonds and other debt securities, including bonds that are below investment grade quality, and loan and loan participations, including senior secured floating-rate loans, second-lien secured floating-rate loans, and other types of secured and unsecured loans with fixed and variable interest rates.

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