First Lehman-Linked CDO Goes Into Receivership

The first synthetic collateralized debt obligation where Lehman Brothers is a credit default swap counterparty has gone into receivership, pushed in by investors demanding they be paid back immediately.

  • 07 Jan 2009

--Cristina Pittelli

The first synthetic collateralized debt obligation where Lehman Brothers is a credit default swap counterparty has gone into receivership, pushed in by investors demanding they be paid back immediately. Ruby Finance Series 2006-5 – Bison Notes has been put into receivership with Deloitte in London.

The €150 million ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89