NoChu reports growing CLO portfolio, weak financials

Nochu
By Alexander Saeedy
22 May 2019

Japan's Norinchukin Bank revealed in its full year 2018 earnings presentation Wednesday that it had grown its CLO holdings by 8.8% during the first quarter of 2019, although a look at its books reveals a bank that is aggressively pursuing yield beyond its borders.

According to an earnings release, the Japanese bank grew its CLO portfolio to ¥7.4tr ($67bn) during the first quarter of the year, cementing its place as the largest Japanese holder of CLO debt. All of the CLO debt it owns is rated AAA.

Outstanding US CLO debt totals ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.