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ORIX to buy RBS shipping loans, invest more in Europe
Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them
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ORIX Corp. confirmed Jan. 23 that it would acquire $289 million worth of shipping loans from Royal Bank of Scotland Group Plc and said it would invest more in such loans in Europe.
The $289 million tranche primarily consists of investment grade loans.