Credit Suisse Funds CLOs in Bet on UK’s Wobbly Real Estate
- Aeon Investments seals financing deal with bank for CRE CLOs
- Firm aims to issue three CRE CLOs, starting next year
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Credit Suisse Group AG is financing a foray into a niche corner of the debt markets used to fund real estate at a time when UK property is feeling the strain from rising interest rates.
The Swiss lender will furnish Aeon Investments Ltd with up to £900 million ($1.02 billion) to help bundle up loans and issue bonds secured against them known as commercial real estate collateralized loan obligations, Aeon’s co-founders Oumar Diallo and Ben Churchill said in an interview.