Citi and Deutsche said to structure project finance CLOs

essar energy
By Matthew Scully
26 Jun 2014

Spurred on by investors’ hunger for higher-yielding securities, Wall Street’s largest banks are taking advantage of a boom in energy and infrastructure financing to come up with rare hybrid securities based on collateralised loan obligations.

Citi, the third largest US bank that has arranged more CLOs than any other bank this year, has a mandate to structure as many as six new CLOs backed by cash flows from loans financing various infrastructure projects, according to a person familiar with the matter.

The transactions ...

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