Super-Senior Tranches To Get High-Grade Repack

01 Feb 2008

Highly-rated banks and reinsurers are considering repackaging super-senior tranches of collateralized debt obligations that dealers are looking to offload via repacks.

Highly-rated banks and reinsurers are considering repackaging super-senior tranches of collateralized debt obligations that dealers are looking to offload via repacks. Lawyers report that AAA-rated counterparties are in the process of writing new wraps on several tranches. Industry officials pointed to Swiss Re and Berkshire Hathaway's new reinsurance ...

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