TruPS CDOs At Risk As Banks Defer Payments

An increase in the number of banks deferring payment on trust preferreds is prompting new concerns on collateralized debt obligations backed by TruPS.

  • 24 Jul 2008

--Leela Parker

An increase in the number of banks deferring payment on trust preferreds is prompting new concerns on collateralized debt obligations backed by TruPS. Trust preferreds are cumulative preferred stock that combines the benefits of both debt and equity. Deferred payments are an early warning sign that banks ...

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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

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4 JPMorgan 53,570.42 158 7.61%
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