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 Citi 3,115 8 18.68
2 Goldman Sachs 2,096 5 12.57
3 Morgan Stanley 1,965 5 11.78
4 BNP Paribas 1,685 5 10.10
5 Barclays 1,565 3 9.38

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1 Citi 30,859.27 98 11.55%
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3 Wells Fargo Securities 24,432.24 66 9.14%
4 Bank of America Merrill Lynch 23,023.30 73 8.61%
5 Barclays 16,351.18 54 6.12%