Banks prepare new CPDO structures
Societe Generale Corporate and Investment Banking (SG CIB) and Dresdner Kleinwort have joined the list of banks competing to release the next generation of constant proportion debt obligation (CPDO) structures, with two new static products set for launch in the next few months.
SG CIB plans to launch a EUR150 million-200 million CPDO with a short index component before the end of March, while Dresdner Kleinwort has unveiled details of a product it believes combines the benefits of CPDOs and
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