RBC Bluebay AM prices 10th CLO at €405m

RBC BlueBay Asset Management has priced its 10th collateralised loan obligation, a €405m (£340.3m) vehicle backed by European corporate loans.

The asset manager said that the transaction for BBAM European CLO VI DAC is expected to close in May 2025. It was placed with a syndicate of international institutional investors.

Read more: Emerging markets offer respite from private debt competition

“Not only does today’s CLO mark an important milestone for our US and European CLO management program, but it is also a clear reflection of how far we have come as team in building our securitised credit and CLO presence, a key component of RBC BlueBay’s fixed income offering,” said Sid Chhabra, head of securitized credit & CLO management and euro high yield at RBC BlueBay Asset Management.

“Looking ahead, we have four further CLOs in the pipeline that we expect to issue over the course of the next year.”

Read more: Polen Capital raises $407m for inaugural CLO

Read more: Continental shift: Special report on CLOs