Standard Chartered Completes Sixth CLO Programme

Standard Chartered Bank has completed its sixth collateralised loan obligation (CLO), START VI CLO. With this latest US$1.25bn synthetic CLO, the bank has sold the credit risk of a diversified pool of loans extended to more than 400 borrowers with about 90% of the borrowers domiciled in Asia and Middle East. The average credit quality of the initial pool is BB equivalent.

Sean Wallace, group head, origination and client coverage, wholesale banking, Standard Chartered, said: “This is the first issuance off our START securitisation programme since the deepening of the financial crisis in 2008, so it is particularly pleasing to see such a strong market reception. This is testament to the confidence investors have in our deep client relationships and expertise across our core footprint of Asia, Africa and the Middle East.”


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