Deutsche Bank $3.5bn TRAFIN refinancing oversubscribed
Deutsche Bank has refinanced its flagship trade finance securitisation, the $3.5 billion TRAFIN 2015-1 synthetic collateralised loan obligation (CLO). The new version – TRAFIN 2018-1 – has a five-year tenor and a coupon of 8.7%. The bank has placed a first loss tranche of $216.13...