HarbourView Asset Management, a subsidiary of OppenheimerFunds, is ramping up its first emerging market collateralized debt obligation deal. Pricing is scheduled for the first quarter. Société Générale is underwriting the $250 million deal. Calls to Bill Jaume, senior v.p. at HarbourView, were not returned. James Frischling, director and head of the CDO structured credit product group at SG, declined to comment.
A pool of emerging market debt backs the notes. HarbourView has four CDO deals outstanding, including two high-yield CDOs, one multisector CDO and a collateralized loan obligation.