Presale: North Westerly CLO I B.V. Apr 03
Standard & Poors, April 2003
Abstract
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.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
NIBC Bank N.V.,North Westerly CLO I B.V.
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