CBAM closes third European CLO at EUR300m

CBAM, an alternative investment management firm, has closed its third European collateralised loan obligation (CLO), Bastille CLO 2020-3, totaling EUR300 million, with Citibank acting as lead arranger. 

This brings CBAM's total CLO issuance to USD11.5 billion since the closing of its first CLO in June 2017 and its total Euro CLO issuance since July 2020 to EUR950 million.

As of 30 September, 2020, CBAM's AUM stood at USD13.3 billion across multiple credit vehicles and separate accounts.