VOL. XLV
No 17
29-April-2002
SAUDI ARABIA
NCBPlaces $400Mn Collateralized Loan Obligation
Saudi Arabias NationalCommercial Bank (NCB) said on 24 April that it has placed the $400mn ING-ORYXcollateralized loan obligation (CLO) which it launched to customers inDecember. The ING-ORYX CLO is administered by fund manager ING Capital AdvisersLLC. A CLO is a structured transaction with a diversified portfolio of seniorsecured loans which is funded by securities collateralized by these assets. Inthis...
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