CLO triple-As tighten as investors return to market

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By Paola Aurisicchio
28 Apr 2020

Managers returning to the CLO market at the end of April saw their deals clear at the tightest levels of the month, greeted by investors ready to resume putting cash to work.

PGIM, the investment management business of US insurer Prudential, priced a $403m CLO arranged by BNP Paribas with a three year reinvestment period, selling $252m of senior triple-A notes at 200bp over three month Libor.  

On the same day, GoldenTree Asset Management priced a $455m CLO via ...

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