DBS pre-markets synthetic CLO

Led by JPMorgan and DBS, pre-marketing of a $224 million ($121 million) synthetic CLO will begin on Monday for pricing about a week-and-a-half later. The multi-tranche issue is being largely targeted at a domestic audience and as the first of its kind in non-Japan Asia, incorporates a number of investor-friendly features that are not typically seen in Europe and the US where there has been billions of dollars of issuance since JPMorgan first introduced the structure in December 1997.