HSBC and Babson unveil $502m CDO

HSBC and Babson Capital, the Massachusetts-based asset manager, have closed a $502 million managed synthetic CDO. HSBC was sole arranger for Maple Hill, which consists of mezzanine tranches rated A to AAA by Standard & Poor's. It references 125 names and has an extended maturity of seven and 10 years.

Stephen Olentine, head of product marketing for global structured credit products at HSBC, says: "The participation rate by investors on the Maple Hill roadshow was the highest we have ever seen

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