Voya Investment Management is readying its third collateralized loan obligation of the year—and this one feature a tranche of fixed-rate notes, according to a presale report published by Moody’s Investors Service.

The $500 million deal, Voya CLO 2014-3, will be backed by a pool of broadly syndicated corporate loans.  A minimum of 90% of the portfolio will be comprised of senior secured loans and eligible investments.   Approximately 75% of the portfolio is expected to be ramped at closing.

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