PGGM, Standard Chartered Share Credit Risk On $2.5 Bln CLO

Standard Chartered Bank has whipped up a $2.5 billion collateralized loan obligation called Shangren on which the bank and Dutch asset manager PGGM have signed a credit risk-sharing agreement.

  • 20 Aug 2008

--Cristina Pittelli

Standard Chartered Bank has whipped up a $2.5 billion collateralized loan obligation called Shangren on which the bank and Dutch asset manager PGGM have signed a credit risk-sharing agreement.

The balance-sheet CLO, designed to boost the bank’s liquidity by freeing up capital, is backed by a ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

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1 Citi 91,105.19 257 10.97%
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3 JPMorgan 68,975.82 196 8.31%
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