ABN Retaps Brazil CLO for $100m

ABN AMRO has retapped its CLO composed of loans originated by its Banco Real unit. The $100m deal referencing large- and middle-market Brazilian loans through CDS was sold to a U.S.-bassed hedge fund which the bank did not identify. ABN initially opened the CLO for $850m at the beginning of the month, in what it called the first ever securitization exclusively referencing Brazilian loans. That package was bought by Dutch healthcare pension fund PGGM. There are no plans as of yet for a third tap, according to a bank official.