Deutsche offers Pimco CDO choice

Deutsche Bank has agreed to allow Pacific Investment Management Company (Pimco) full and unfettered access to its proprietary portfolio of corporate loans to secure the underwriting mandate for Pimco’s forthcoming euro-denominated CDO.

In a deal that is believed to be unique, Deutsche Bank has allowed Pimco to have complete freedom in choosing the outstanding loans to be included in the company’s first European CDO. “The agreement between Pimco and Deutsche Bank is believed to be a first,” s

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