RHB refines Malaysian CLO product
Prima Uno CLO raises M$950 million from a diverse basket of Malaysian loans.
RHB Investment Bank is arranging a loan securitisation to raise funds for a group of 33 Malaysian companies with middling credit ratings and modest funding needs û companies that cannot usually raise funds in MalaysiaÆs capital markets.
By joining forces to structure a primary collateralised loan obligation CLO, the companies are able to put together a chunkier deal with an enhanced credit rating a five-year M$950 million $260 million issue comprising of three AAA-rated senior tranches, a AA...
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