SC Lowy, UOBAM to put Asian CLOs back on the map

A rarely seen product is set to return to the Asian securitization market with fixed income specialist SC Lowy and UOB Asset Management (UOBAM) gearing up for a $400m collateralized loan obligation (CLO). The transaction will be the first non-bank originated Asian CLO in years, but the structured finance community is sceptical about the market’s potential, writes Rev Hui.