Neuberger returns to EU CLOs after 14 year absence

Neuberger Berman has re-entered the European CLO market for the first time since the financial crisis, with a deal including a new feature which measures how well its portfolio matches UN sustainable development goals.
The class ‘A’ notes in Neuberger Berman Loan Advisers Euro CLO 1, a €307.3m deal, were priced at 88bp over one-month Euribor on February 1, in line with other managers such as PGIM, which priced its reset of Dryden 44 at the same level on February 8. The
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