Runner-up: Anderson Valley II

pg24-horvath-jpg

Against a backdrop of uncertainty over whether or not the credit cycle is about to turn, Merrill Lynch has issued a collateralised debt obligation that should reward investors in either scenario. Anderson Valley II is a EUR400 million seven-year hybrid cash and synthetic CDO, and is the euro counterpart to last year's dollar deal.

Managed by Barclays Global Investors, the deal combines a normal cashflow CDO, 97.05% of the deal, with a junior mezzanine correlation tranche, 2.95% of the deal, w

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: