This is the third deal in the Start series of CLOs but is the first to accurately match the geographic spread and risk profile of StanChartÆs corporate loan book, which is to say that it features mostly unrated, unlisted, Asian borrowers.
The portfolio comprises 520 loans to 374 companies, with roughly 60% from Northeast Asia, 10% from South Asia, 10% from Southeast Asia and 20% from the Middle East, which is almost identical to the actual spread of StanChartÆs corporate loan portfolio. Almost two-thirds of the borrowers are...
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