Calyon is marketing a managed collateralized debt obligation which offers exposure to cash and synthetic asset-backed securities to investors in Asia. The USD1.4 billion, multi-tranche transaction references residential mortgages, commercial mortgage backed securities and credit-default swaps on ABS. Loic Fery, managing director of capital markets and global head of structured credit and CDOs at Calyon in London, declined comment. The maturity, closing date and manager of the deal could not be determined, but an official familiar with the CDO said Calyon had chosen an experienced European manager.
Calyon Targets Asia For Synthetic ABS CDO
