Barclays' £5bn record CLO blows out as three banks clear Eu45bn of year-end risk

December 02, 2005 12:00 am

The stampede of top European banks into the securitisation market to clean up their balance sheets before year-end became even more thunderous this week, as Barclays Bank priced its £5bn collateralised loan obligation and ABN Amro announced a Eu6.75bn CLO, foreshadowed by EuroWeek two weeks ago.

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