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UBS' collateralized loan obligation syndicate is prepping a $600 million CLO for Neuberger Berman and is also preparing two more deals for the first quarter of next year, putting to rest speculation that the Swiss bank's CLO business may fall victim to the 10,000 cuts UBS has planned in its Fixed Income, Currencies and Commodities operations (FICC).
Some market players were uncertain whether the Swiss bank would stay committed to the CLO sector, which has been...
