RBC Global Asset Management’s specialist fixed income manager, BlueBay Asset Management, has proved its third European CLO, BBAM European CLO III DAC, and its inaugural public US CLO, BBAM US CLO I.
The European CLO will issue EUR408.15 million notes arranged and placed with a syndicate of leading international institutional investors, by Citigroup Global Markets Limited. The transaction is expected to close on 25 March, 2022.
The US CLO will issue USD401.40 million notes arranged and placed with a syndicate of leading international institutional investors, by Barclays Capital Inc. The transaction is expected to close on 29 March, 2022.
Both transactions comprise of a diversified pool of broadly syndicated leveraged loans.
