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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