Last week in Japan, a Y19.2 billion ($182.8 million) CLO was launched via Mizuho Securities last week as part of a government initiative to provide funding for small and medium sized enterprises. The transaction - named Tokyo Supporters CLO - features SME loans specifically originated for the transaction by several major banks, including Mizuho Bank, Sumitomo Mitsui Banking Group and UFJ Bank.

The exercise is a result of the Tokyo Metropolitan Government Bond Market Scheme; with a Credit Guarantee Corp. of Tokyo wrap on the underlying loans.

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