UOBAM made its first foray into the synthetic CDO market as a manager last September, in a $1.33 billion deal arranged by Deutsche Bank. It followed up with United Global Investment Grade CDO II, co-arranged by UOB and JP Morgan Chase, just two months later.
“The current economic environment makes this transaction especially attractive to investors seeking enhanced returns to a diversified portfolio of global credits,” said Terence Ong, senior executive vice-president, global treasury and asset management, at UOB. “We also feel that the timing is excellent, as we foresee spreads of investment-grade corporate credits tightening.”
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