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