Citigroup has sold a $360.8 million CLO for Babson Capital Management, according to people with knowledge of the deal.
Babson CLO Ltd. 2012-I includes a $233.5 million triple-A-rated tranche priced at Libor plus 143 basis points.
Meanwhile, Morgan Stanley is arranging a $412.5 million CLO to be managed by PineBridge Investments, according to a person with knowledge of the deal. The CLO looks to include a $251.5 million triple-A-rated tranche.
Global multi-asset investment manager PineBridge printed its last deal — the roughly $400 million Galaxy XI CLO — in August, via arranger Goldman Sachs. It was the New York-based firm’s fourteenth CLO.
Babson’s last deal—the $500 million Babson CLO Ltd. 2011-1, also arranged by Citigroup —closed in September. It was a refinancing of Babson CLO Ltd. 2008-1.
Babson Capital is a global investment management organization that managed more than $138 billion, including $8.3 billion of cash-flow CLOs, as of Dec. 31, 2011.
All four firms declined to comment.