Voya Alternative Asset Management has priced a €405.75m (£353.9m) collateralised loan obligation (CLO).
The CLO is named Voya Euro CLO III DAC, with Deutsche Bank Securities acting as placement agent.
The transaction features a multi-tranche structure, ranging from AAA-rated Class A notes (€244m) to B-rated Class F notes (€12m), alongside unrated subordinated notes totalling €31.75m.
The CLO’s reinvestment period runs until 16 September 2030.
Voya Alternative Asset Management is the CLO management arm of Voya Investment Management, which currently oversees $360bn (£265.3bn) in assets under management.
The pricing comes amid rising investor appetite for European CLOs, particularly in higher-rated tranches.
A number of asset managers, including Pemberton, have recently been strengthening their European CLO platforms. While others such as Golub Capital and Park Square Capital have recently entered into the European CLO market.
