Single-B spreads edge towards 900bp as PineBridge CLO prices

By James Harvey

Friday, January 30, 2015

PineBridge Investments issued its first CLO of the year yesterday, pricing its junior mezzanine debt at 880bp over Libor

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TAGS: PineBridge Citi

View details on CLO-i: Galaxy XIX

Comment by: Anonymous. Posted 9 years ago [2015-01-31 00:21:45]

As a question not specific to this deal, are CLO managers avoid Oil & Gas names in new deals? One can see why that might play well to investors. But it is likely better to keep these names, get high spreads (hopefully), and maintain diversity of the asset pool.

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