NIBC adds RBS-arranged euro CLO to pipeline

By Joseph McDevitt
29 Aug 2013

NIBC Bank is preparing a €300m European collateralized loan obligation, North Westerly CLO IV, with the Royal Bank of Scotland as arranger.

NIBC will hold a piece of the equity tranche in order to comply with the Capital Requirements Directive’s 122a 5% risk retention requirement.

The firms involved have already begun marketing the transaction to prospective investors. The CLO will invest mostly in secured first lien leveraged loans, with the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial