No return seen in euro CLOs for Norinchukin

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No return seen in euro CLOs for Norinchukin

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J23F27 Japanese flag with rate tables and graphs for economic development. | Alamy Stock Photo

Even after the Japanese financial year-end at the end of March, Norinchukin Bank is unlikely to return to the European market as an anchor investor in senior CLO tranches, according to a CLO manager with knowledge of the bank’s approach.

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