Issuer: SBC Glacier Finance Series 1997-2
Amount: $1.6 billion
Issue type: repackaging of credit-linked notes
Launched: September 9
Bookrunner: SBC Warburg Dillon Read
SBC Warburg Dillon Read brought a new degree of sophistication to the art of credit risk and bank capital management with the $1.6 billion securitization deal it announced in September.
SBC writes a series of credit-linked notes to hedge the credit risks of specific counterparties taken on in a range of its international activities, including mainly lending but also bonds and derivatives trading.
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