PGIM prints five-year US CLO as investors brace for spreads to move wider

By Sayed Kadiri

PGIM has marked a quick return to the US primary CLO market by pricing Dryden 106 on Tuesday via Nomura. But the overriding feeling is that primary CLO spreads are vulnerable to another bout of volatility

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TAGS: CLO Nomura Pricing Primary market North America PGIM