NIBC Adds RBS-Arranged Euro CLO To Pipeline

29 Aug 2013

NIBC Bank is preparing a EUR300 million ($396.7 million) European collateralized loan obligation, North Westerly CLO IV, with the Royal Bank of Scotland as arranger.

NIBC Bank is preparing a EUR300 million ($396.7 million) 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 ...

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