Deutsche launches emerging market CLO

Deutsche Bank has closed a $500 million collateralised loan obligation (CLO) referenced to a portfolio of emerging market loans. The transaction will enable the bank to hedge illiquid emerging market loans on its balance sheet and free lending limits.

The six-year deal, Craft EM CLO 2006-1, consists of two mezzanine tranches rated BBB and BB, and a first-loss tranche.

Mario Verna, a managing director in Deutsche's loan exposure management group, says a handful of investors purchased the first-loss

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: