SG markets new CPDO
Société Générale is marketing its first constant proportion debt obligation (CPDO). The French bank is in the middle of book-building, and hopes to launch the deal at the end of February.
The aim is for the CPDO to reach €150–200 million in size, says Tony Venutolo, head of structured credit at SG in London.
As credit spreads continue to contract to record tight levels and spread widening is
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