FinanceDublin.com - <b>Deals of the Year 2024: </b>M&G’s Margay pushes ESG boundaries for Europe’s CLO managers

M&G’s Margay CLO I DAC achieved strong execution for its debut deal and broke new ground in CLO issuance by pushing the boundaries of ESG commitment made by European CLO managers. It is considered harmonious with a multi-asset Article 8 strategy and is therefore a suitable investment for many investors, not just dedicated CLO focussed ones.

Margay CLO I DAC is a securitisation of mainly senior secured obligations (at least 90%) with a component of senior unsecured, mezzanine, second-lien loans and high-yield bonds. The note proceeds were used to purchase a portfolio with a target par of €400 million. The portfolio is actively managed by M&G.

The collateralised loan obligation has a reinvestment period of 4.6 years and an 8.5-year weighted average life (WAL) test. M&G issued its first CLO 2.0 i....

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