DBS and Mizuho to sell syndicated CDO
Singapore’s DBS and Japan’s Mizuho Bank will lead the selling to Asian investors of the first syndicated synthetic collateralised debt obligation (CDO), expected to close within the next few weeks.
The deal, called Overture, will be managed by France’s AXA Investment Managers and will be distributed by at least seven regional bookrunners, in an attempt to maximise client penetration and transparency of CDO transactions, according to sources familiar with the deal.
“The idea is to get a number of
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