RBC BlueBay has priced its fifteenth collateralised mortgage obligation (CLO), BBAM European CLO IX, at €400m (£347.3m).
The agency stated that, regardless of a difficult market backdrop, the deal attracted help from a variety of institutional traders.
Learn extra: RBC BlueBay costs eleventh CLO at $400m
“We’re delighted to announce the pricing of BBAM European CLO IX, the most recent milestone for our international CLO platform,” stated Sid Chhabra, head of securitised credit score and CLO administration and euro excessive yield at RBC BlueBay. “This marks the fifteenth CLO we have now priced, underscoring the continued power of our CLO franchise and the attraction of our energetic funding method.”
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RBC BlueBay has been energetic within the CLO market since 2020, with automobiles throughout the US and Europe. This a part of the enterprise varieties a core a part of its structured credit score platform, at the moment standing at greater than $28bn (£21bn) in belongings below administration.
“With a number of new CLO transactions within the pipeline for the remainder of 2026, we’re on observe to difficulty 20 new CLOs over the subsequent 12 to 18 months,” stated Chhabra.
Learn extra: Canyon Companions raises $400m for fourth CLO fairness fund