Neuberger Berman Europe is planning to unveil a new closed-end fund investing in senior bank loans, The Wall Street Journal reports. The NB Global Floating Rate Income Fund is expected to be listed on the London Stock Exchange (LSE). The fund will target a subscription of over $200 million. Oriel Securities and Dexion Capital have been appointed as the joint global co-ordinators and joint bookrunners of the fund launch.
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