(Bloomberg) -- Banks and asset managers sold 33.8 billion euros ($45.8 billion) of collateralized debt obligations in Europe so far this year, 162 percent more than the same period a year ago, according to Deutsche Bank AG.
Collateralized debt obligations are created by packaging bonds, loans or credit-default swaps and using their income to pay investors. CDOs are divided into different portions of varying risk, which can offer higher returns than the debt they are based on or equivalently rated bonds.
Read more at Bloomberg Bonds News
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