UBS, AXA CSO Notes Close

08 Dec 2010

UBS and AXA Investment Managers have closed the initial tranche of the Cadenza I collateralized synthetic obligation.

--Olivia Thetgyi

UBS and AXA Investment Managers have closed the initial tranche of the Cadenza I collateralized synthetic obligation. It's the first synthetic to be broadly marketed since 2008 (DW, 11/19).

The two series of notes, a EUR15 million (USD 19 million) floating-rate note and a EUR7 million (USD9 million) ...

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