Synth CDOs in Europe, More Downgrades Hit U.S. ABS CDOs

G. S.
October 2007
Bank Loan Report;10/22/2007, Vol. 22 Issue 40, p4
Trade Publication
The article reports on the trends in the collateralized debt obligations (CDO) market. It notes that while new issuance in the U.S. CDO market remains dormant, the number of transactions involving CDOs is increasing in Europe, particularly for synthetic structures. This was initiated by Calyon's move to arrange a $142 million synthetic CDO to be fully managed by M&G Investment Management Ltd. under the trusteeship of Bank of New York Co. Inc.


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