Sterling CLO boosts Euro diversity

Pic© Baruchno

Category: CLOs


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The announcement of a rare sterling-denominated deal has further boosted the growth and diversity of the European CLO market. PGIM Fixed Income’s latest transaction - Dryden 63 GBP CLO 2018 – is the first sterling CLO since 2013 and could pave the way for further such issuance in the coming months.

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