PGGM, ABN AMRO enter loan deal worth €15.5bn
NETHERLANDS - ABN AMRO is to sell part of the credit risk on its loan book to PGGM using a Collateralised Loan Obligation (CLO) structure.
A first transaction was executed under the partnership on 8 December 2006, and PGGM said in a release today: "The CLO references a loan portfolio of €15.5bn notional... and under the transaction, PGGM...
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