Taiwan Bank Readies CDO Purchase
GlobalCapital, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Derivatives

Taiwan Bank Readies CDO Purchase

Taipei-based Industrial Bank of Taiwan is gearing up to buy into a managed synthetic collateralized debt obligation in the coming months.

Taipei-based Industrial Bank of Taiwan is gearing up to buy into a managed synthetic collateralized debt obligation in the coming months. Ted Ling, head of structured finance, said the bank is in advanced talks to buy the single A tranche of a global structure, which is 20% linked to a 100-name credit-default swap portfolio and 80% to asset-backed securities. Ling said the tranche will total around USD30 million and he hopes to close the deal by the second quarter. He declined to name the investment house it is dealing with. "This offers an attractive yield," Ling added, declining to further elaborate on the specifics of the transaction. IBT made its first foray into investing in synthetic CDOs in November.

Related articles

Gift this article