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Presale: North Westerly CLO I B.V. Apr 03
Standard & Poors, April 2003
Expected closing date: May 2003. Collateral: A portfolio of senior loans and mezzanine obligations. Reinvestment period: Five years. Non-call period: Three years. Legal final maturity: 13 years. Underwriters: Morgan Stanley & Co. International Ltd. and NIB Capital Bank N.V. Currency swap counterparty: To be determined. Trustee: Deutsche Trustee Co. Ltd. Account bank: Deutsche Bank AG, London branch. Custodian: Deutsche Bank AG, London branch. Collateral administrator: Deutsche Bank AG, London branch. Collateral manager: NIB Capital Bank N.V. Supporting ratings: To be determined. The preliminary credit ratings assigned to the class I, II, III, and IV notes to be issued by North Westerly CLO I B.V. reflect: The credit support in the form of subordination to be provided by the notes junior...
Companies mentioned in this report are: NIBC Bank N.V.,North Westerly CLO I B.V.
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Research Type: Full Analysis
NIBC Bank N.V.,North Westerly CLO I B.V.