Deutsche squares $2bn CDO for Shin Kong

CDO of CDOs, plus an ABS twist, for Taiwanese insurer.

Deutsche Bank has arranged a $2 billion synthetic CDO of CDOs for Taiwanese insurer Shin Kong Life. It is the bank's first CDO-squared deal in Taiwan, the first managed CDO that Shin Kong has bought and one of the country's biggest CDO deals to date.

Taiwanese insurers are becomingly increasingly adventurous with CDO products since they won the go-ahead to invest in them in the middle of 2004. This latest deal for Shin Kong...

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