M&G Whips Up €347 Mln High Yield CLO

24 Apr 2008

M&G Investment Management is launching a €347 million ($547 million) static high-yield collateralized loan obligation, Base CLO 1B.V..

--Cristina Pittelli

M&G Investment Management is launching a €347 million ($547 million) static high-yield collateralized loan obligation, Base CLO 1B.V.. The portfolio comprises mainly senior secured loans, but also includes second lien and mezzanine loans. Ratings for the deal, issued by Moody’s Investors Service, span from Aaa to Ba2 ...

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