World Bank Tops $1 Billion in Loan-Backed Bonds With $509 Million Second CLO
Updated
Updated · Bloomberg · Jun 15
World Bank Tops $1 Billion in Loan-Backed Bonds With $509 Million Second CLO
1 articles · Updated · Bloomberg · Jun 15
Summary
$509 million from the latest deal pushed the World Bank’s loan-backed bond program past $1 billion, extending a funding effort tied to job creation in developing nations.
The transaction is the International Finance Corp.’s second collateralized loan obligation in less than a year, following a similarly sized sale last year.
That CLO packages 62 dollar-denominated loans into a multi-tranche bond offering, drawing assets from borrowers across South America, the Middle East, North Africa and Asia.