Calyon joins ANZ to issue Australia credit CPPI first


Calyon, the French investment bank, and ANZ Investment Bank of Australia have launched the first structured credit transaction using constant proportion portfolio insurance (CPPI) in the Australian market.

Credit Sail, the six-year collateralised Australian dollar floating notes, are rated AAA by Standard & Poor's. The returns are linked to the performance of two investment-grade credit indexes (the Dow Jones CDX.NA.IG and the iTraxx Europe). The notes are part of the Credit Sail series, which

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here