Deutsche Bank and VTB Bank Austria have launched a CDO based on corporate debt from member countries of the Commonwealth of Independent States.
Sputnik CDO I is based on a portfolio of 43 bank and corporate debts from Kazakhstan, Russia and Ukraine. It has a five-year tenor and a $400m nominal value, and is "the first rated CDO referencing CIS corporates", says Deutsche Bank. The deal is managed by VTB Bank Austria.
The week on Risk.net, July 7-13, 2018Receive this by email