Goldman Sachs brings two CDOs to market

Bank closes collateralized debt obligations for United Overseas Bank and Agricultural Bank of China.

Goldman Sachs announced last week that it had closed two collateralized debt obligations for institutional clients, highlighting the increasing popularity of this synthetic structured product in Asia.

First to close was a five-year deal backed by $1.7 billion of credit default swaps for United Overseas Bank - the third by the Singaporean Bank. This was shortly followed by an issue backed by $1.5 billion of synthetic credits managed by Agricultural Bank of China, the first mainland financial institution...

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