Credit Suisse and Mitsubishi UFJ Securities are raising a $413.4 million collateralized loan obligation for Prudential Investment Management, according to a person with knowledge of the transaction.

The CLO, Dryden XXIII Senior Loan Fund, is slated to include a $270.5 million triple-A-rated tranche; a $15 million (fixed) double-A-rated tranche; and a $28.75 million single-A-rated slice, none of which have firm price guidance yet, the person said.  

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