Issuer: Deutsche Bank
Date: July 1998
Amount: $2.4 billion
Global arranger: Deutsche
Deutsche became the first bank ever to issue a public term securitization of German corporate loans in July last year.
Over 5,000 German corporate loans were securitized and the portfolio contained the most diverse group of loans seen in any single-country collateralized loan obligation (CLO) transaction. The loans are spread throughout Germany and in industries as diversified as real estate, electrical engineering, and food and tobacco.
“It is a pristine portfolio,” says KV Prabhakar, director and head securitization trader at Deutsche.
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