Fubon Securities, with over TWD64.5 billion (USD1.88 billion) in assets, is considering investing in a second synthetic collateralized debt obligation, possibly by year-end. The securities house became the first Taiwan-based entity to purchase a CDO tranche earlier this year (DW, 5/4). "It's still an attractive product," said George Huang, senior project manager in the fixed income and derivatives department in Taipei, noting that although credit spreads have tightened in globally, CDOs offer a higher yield than traditional fixed income instruments.
September 22, 2003
