HSBC and Babson close $502 million 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: “In this tight spread environment, CDO investors across the globe are demanding high-quality portfoli

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