PGIM to reset Dryden 48 European CLO

By Tom Brown
19 Aug 2019

BNP Paribas is pitching a reset of Dryden 48 Euro CLO 2016 on behalf of PGIM Fixed Income, keeping the late summer CLO reset and refinance wave rolling.

The €418m deal has a weighted average life of 8.5 years and is expected to be priced during the week of September 2. It includes seven floating rate tranches over three month Euribor and two fixed rate tranches.

CLO refinancing volume is gaining momentum in the second ...

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