Standard Chartered Bank has completed its sixth CLO under its START CLO program called START VI CLO, according to a release from the firm.

With this latest $1.25 billion synthetic CLO, the bank has sold the credit risk of a diversified pool of loans extended to over 400 borrowers with around 90% of the borrowers from Asia and the Middle East. The initial pool's average credit quality is 'BB' equivalent, the release said.

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