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World Bank Makes Second Foray Into Emerging-Market CLO Funding

World Bank Makes Second Foray Into Emerging-Market CLO Funding
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World Bank Makes Second Foray Into Emerging-Market CLO Funding The World Bank’s loan-backed bond program has surpassed the $1 billion mark after the lender raised another $509 million for a program aimed at supporting job creation in developing nations. The transaction is the second collateralized loan obligation (CLO) in less than a year for the International Finance Corp., the World Bank’s private-sector arm, after a similar-sized deal last year. It bundles 62 dollar-denominated loans from...

World Bank Makes Second Foray Into Emerging-Market CLO Funding The World Bank’s loan-backed bond program has surpassed the $1 billion mark after the lender raised another $509 million for a program aimed at supporting job creation in developing nations. The transaction is the second collateralized loan obligation (CLO) in less than a year for the International Finance Corp., the World Bank’s private-sector arm, after a similar-sized deal last year. It bundles 62 dollar-denominated loans from borrowers in South America, the Middle East, North Africa and Asia into a multiple-tranche bond offering.
World Bank (ORG) The World Bank’s (ORG) CLO (ORG) the International Finance Corp. (ORG) South America (LOCATION) the Middle East (LOCATION) North Africa (LOCATION) Asia (LOCATION)
Originally published by Bloomberg Markets Read original →