NIBC bank has announced the first issue of a collateralized loan obligation fund (CLO) with the best practices of ESG investing.
The NIBC North Westerly VI B.V. of EUR 410 million is placed via MUFG Securities EMEA.
Herman Guelovani, Head of Credit Management at NIBC Bank said, “The CLO applies ESG criteria for socially responsible investments which prevents the fund from investing in controversial sectors (such as coal power and mining, extreme fossil fuels, weapons and firearms, tobacco, gambling among others) and adheres to NIBC’s robust sustainability framework and policies.”