The market divides into three distinct parts. The oldest type of synthetic CDO is the balance-sheet or regulatory capital deal. Banks started to issue these in 1997, realizing that they could reduce ...
The threat of spread-widening continues to lurk just under the surface of benign credit market conditions. One of the unique selling points of a hybrid CDO, Jazz 3, managed by Axa and arranged by ...
NEW YORK, Oct 10 (Reuters) - Collateralized debt obligations, or CDOs, had been the fastest growing class of bonds until the credit crisis hit this summer. Investors wary of CDOs' exposure to risky ...
planning its first venture into synthetic CDOs. The group already manages over USD6.2 billion in mortgage and asset-backed CDOs and leveraged loans and is now looking to get into high-grade corporate ...
After allowing its CDO business to slip in recent years, Citigroup renewed its focus on the growing US market in 2004, bringing resources – including its sizable balance sheet – to bear in a bid to ...
The European CDO market has steadily grown over the past few years as investors and issuers embraced the technology that provides yield pick-up over traditional fixed income, with the addition of ...