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UOB Readies CDO Launch
Singapore's United Overseas Bank is gearing up to manage a pair of collateralized debt obligations in the coming months.
Singapore's United Overseas Bank is gearing up to manage a pair of collateralized debt obligations in the coming months. "These are works in progress," said Tay Teck Chye, director in global treasury at UOB in the Lion City. Chye said the firm is preparing to launch both a global synthetic and cash CDO, for which it will manage portions of the deals and distribute tranches. He expects the deals to be finalized early next year. Chye declined to further elaborate on the transactions.
UOB has already manages deals structured by Deutsche Bank and JPMorgan (DW, 5/5/03).
