NAB spinning off loans portfolio, team
National Australia Bank is establishing Metrics Capital Partners to provide Asian investors with exposure to Australian corporate loans, including infrastructure and project finance.
National Australia Bank (NAB) is spinning off its non-traded credit team to establish an independent asset-management company that will offer loan exposures to investors both in Australia and overseas.
The A$1 billion portfolio of loans has been built over the past several years with the aim of providing non-bank investors with access to Australia’s corporate and institutional loan market, says Andrew Lockhart, a director of the team in Sydney.
NAB will retain a minority 35% sha…
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