Dryden XXI Brings Summer CLO Issuance To $5Bln

11 Sep 2008

Prudential Fixed Income Management recently closed the $500 million Dryden XXI Leveraged Loan CDO, bringing new issuance of collateralized loan obligations to nearly $5 billion for the summer.

--Leela Parker

Prudential Fixed Income Management recently closed the $500 million Dryden XXI Leveraged Loan CDO, bringing new issuance of collateralized loan obligations to nearly $5 billion for the summer. Prudential is the collateral manager and Goldman Sachs is the underwriter.

The deal is backed by senior secured leveraged ...

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