RBC BlueBay has priced a European collateralised loan obligation (CLO) reset at €400m (£341.8m).

The BBAM Euro CLO II Reset marks RBC BlueBay’s fifth CLO transaction of 2026, comprising three new-issue CLOs and two resets.

The reset transaction refinances and extends RBC BlueBay’s 2021-vintage BBAM Euro CLO II transaction.

Overall, the asset manager’s leveraged finance and securitised credit platform now has more than $28bn (£20.7bn) in assets under management, up from $8bn before the Covid-19 pandemic.

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In total, RBC BlueBay has issued 17 new-issue CLOs across the US and Europe and aims to reach 20 over the next six to nine months, the firm said.

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“We are delighted to announce the pricing of BBAM Euro CLO II Reset,” said Sid Chhabra, head of securitised credit and CLO management.

“Since launching our CLO management business in 2020, we have built one of the most active and high-performing CLO franchises globally, and this transaction is a testament to the strength of our team and the confidence our investors place in us.”

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