The synthetic collateralised debt obligation (CDO) market has shown itself to be both resilient and creative in the months following the correlation crisis of April and May. As mezzanine CDOs became increasingly less attractive following the repricing of the market, structurers went back to the drawing board and emerged with a number of new products. Chief among these in terms of volume of issuance and interest are leveraged super-senior CDOs.
Popular with a wide range of investors, leveraged sup
The week on Risk.net, July 7-13, 2018Receive this by email