Dresdner Kleinwort Wasserstein is structuring a EUR2.4 billion (USD2.3 billion) managed synthetic collateralized debt obligation with Invesco Asset Management. The CDO, dubbed Lisa, is referenced to a pool of global credit-default swaps, according to an official familiar with the deal.
The CDO is an optimistic project given the lack of investor appetite for CDOs at the moment. However, the official said the good reputation of the manager should mean the deal gets placed. Officials at DrKW declined comment.
