CLOs continue filling the European new issue pipeline - a trend that industry players say is likely to continue until year-end.

La Caixa is working on a 656.5 million ($787.4 million) CLO backed by SME loans. Dubbed Foncaixa FTGENCAT 3, the deal offers a 175.7 million tranche alongside 449.3 million of notes guaranteed by the Spanish region of Catalunya.

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