UOB Hunting For More CDO Opportunities
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UOB Hunting For More CDO Opportunities

Singapore's United Overseas Bank aims to manage several additional collateralized debt obligations this year, including its first deal with equity-default swaps.

Singapore's United Overseas Bank aims to manage several additional collateralized debt obligations this year, including its first deal with equity-default swaps. "We have plans to do more deals," confirmed Tay Teck Chye, senior director of global treasury in the Lion City. He added that the firm is looking at a variety of underlying assets, including asset-backed securities and equity-default swaps. He declined to further elaborate.

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