PGIM ramps up deal size for latest euro CLO

PGIM has priced its latest CLO, increasing the deal size to meet demand and pricing the offering at tight spreads.

  • By Sam Kerr
  • 02 Nov 2017

The issuer printed notes at a discount margin of 81bp over three month Euribor, at the tight end of where other issuers have printed European transactions. 

PGIM increased the size of the deal to €616.95m, up from €411.3m when the deal was mandated two weeks ago. The offering ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 108,190.43 309 12.88%
2 Bank of America Merrill Lynch 95,782.14 279 11.40%
3 Wells Fargo Securities 80,847.28 245 9.63%
4 JPMorgan 58,524.24 184 6.97%
5 Credit Suisse 43,977.05 134 5.24%