M&G eyes up low-levered CLO in 2011

10 Dec 2010

M&G plans to look at the CLO market in the new year, said a spokesman for the fund manager.

If a new issue comes to market, it will be a low-levered deal, but the fund manager stressed that discussions were at an early stage. Intermediate Capital Managers sold a Eu1.42bn European CLO this August, backed by loans originated by Royal Bank of Scotland. This also featured much ...

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