Japan’s SMBC to launch ¥1 trillion balance sheet synthetic CLO
The name of the special purpose vehicle, the super senior credit default swap tranch and the equity portion were not disclosed, but officials familiar with the transaction said the structure is very similar to SMBC’s Proton deal that closed in December.
The latest transaction is being arranged by Goldman Sachs, which also arranged the Proton deal with Daiwa Securities SMBC Europe, although Goldman Sachs didn’t confirm the mandate.
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