Japan’s CLO ‘Whale’ Norinchukin Bank readies global return with European deal

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The lender to Japanese farmers that once dominated the ¥136 trillion ($1 trillion) collateralized loan obligation market has set its sights on a European transaction that would seal its global comeback.

Norinchukin Bank is buying the bonds of a CLO from the region that will be issued and managed by Investcorp, according to people familiar with the matter who aren’t authorized to speak publicly.

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