Banking News
- ICBC closes first CLO
Date: 19-Dec-2007 Sources: (Shenzhen Daily)
THE Industrial and Commercial Bank of China yesterday closed its first CLO, a 5.24 billion-yuan deal named Xingyuan 2007-1 CLO, which is the biggest issue in China's security market in 2007.
The primary tranches of 4.87 billion yuan were placed with institutional investors in China's inter-bank bond market and the subordinate tranche retained by ICBC. Standard Chartered Bank acted as the arranging adviser for the deal and Guotai Junan Securities as the underwriter.
Sponsor Results:
