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Indian firm tries to jump-start country's nascent CLO market with second deal

Indian financial group ICICI Ltd has closed an Indian rupee, Rs4.65 billion (US$98.8 million), collateralized loan obligation (CLO). The transaction repackages some of ICICI's loan portfolio. It achieved a double-A-minus rating from two domestic rating agencies, including the Indian Credit Rating Agency.

The transaction was privately placed with a...

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