RBC BlueBay has priced its BBAM Euro CLO 10 at €400m (£339.4m). It marks the 17th new issue collateralised loan obligation (CLO) since the launch of RBC BlueBay’s CLO management business in 2020.
It is also the 10th European CLO issued by RBC BlueBay’s leveraged finance and securitised credit platform, which currently stands at over $28bn in assets under management, growing from $8bn pre-pandemic.
It was established in 2020 by Sid Chhabra, head of securitised credit and CLO management and Euro high yield.
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RBC said the latest deal attracted diverse institutional investor support.
“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,” said Chhabra.
“With continued momentum across both our US and European pipelines, we remain on track to reach 20 new issue CLOs over the next 6-9 months.”
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