Deutsche Bank is set to market a multicurrency collateralized debt obligation, Titian CDO I. The offering, which will be managed by Fortis Investment Management, aims to transfer credit risk on a portfolio of corporate debt via credit-default swaps.
The CDO is backed by a portfolio of 110 corporate entities and is almost entirely comprised of investment-grade debt. Deutsche Bank has not yet determined the size of the CDO. Calls to Fortis and Deutsche Bank were not returned by press time.
