Oversubscribed CLO points to returning Asian risk appetite, more CLOs expected

Hong Kong taxi

Standard Chartered's December collateralised loan obligation (CLO), thought to be the first publicly sold deal in Asia since the crisis was in swing - has proved popular with investors, suggesting that credit risk appetite is returning to the region and investors are losing their fear of synthetic transactions. The deal was a balance sheet transaction for Standard Chartered.

"It was oversubscribed, which is always encouraging," said Matthew Hebburn, partner at Allen & Overy in Hong Kong. "For

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: http://subscriptions.risk.net/subscribe

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 Risk.net 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: