JPM picks up Prudential mandate as CLOs lurch into life

prudential
By Will Caiger-Smith
12 Jan 2015

Prudential Investment Management has begun marketing its first Dryden CLO of 2015 with JP Morgan, as new US issuance struggles out of the starting blocks amid cautious trading sentiment. Elsewhere, Cutwater Investor Services has begun ramping a new CLO, with Royal Bank of Canada as arranger.

No new deals have priced yet in 2015, although the pipeline is still relatively full with deals that didn’t quite make it to pricing before the winter break.

New Jersey-based Prudential has not yet begun buying collateral for its new deal, Dryden 37, said a person at the ...

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