PGGM enters into 2nd CLO deal

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NETHERLANDS -PGGM has entered into a risk-sharing agreement with Citigroup (Citi) on a €2.5bn portfolio of emerging market credit exposures.

The transaction, which uses a collateralised loan obligation (CLO) structure, sees PGGM providing protection to Citi on the equity and junior mezzanine parts of the credit portfolio, which includes...

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