BlueOrchard debuts local currency microfinance CLO

New Angles

BlueOrchard, a microfinance investment consultancy based in Geneva, plans to launch a $106 million, five-year collateralised loan obligation (CLO) this month backed by unsecured microfinance loans originated by 22 banks and non-government organisations in 13 countries across South America, Asia and eastern Europe. It will be the first microfinance CLO partially structured in local currencies - 20% in Colombian pesos, 4% in Russian roubles and 2% in Mexican pesos.

Microfinancing, where small l

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