Partners prices ESG CLO but spread is slow in US market

Environmental, social and governance ESG green adobe stock 230x150 AS
By Paola Aurisicchio
26 Jan 2021

Partners Group has returned to the US CLO market this year, pricing a rare CLO including an ESG factor screen, a trend which is sweeping international markets and which is slowly gaining traction in the US.

Investor demand drove Partners Group to price its second US CLO with ESG investment criteria in January, a $400m transaction via Barclays with triple-A notes sold at 137bp over three month Libor. The deal had a five year reinvestment period and two year non-call.

The CLO investment criteria ...

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