The truth about Asian investment banking
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Why crowdfunding threatens traditional bank lending

December 2005

The rush returns to ABS

by Alex Chambers & Mark Brown

From an asset class perspective, the CDO sector dominates the pipeline and within that sector CLO issuance is at the vanguard.


The last months of 2004 were notable for the lack of a traditional end-of-year rush to print structured finance trades. But this year the rush is back, with ABS syndicate bankers expected to work right up to the Christmas break to complete the backlog of deals.

To some extent, CLOs have been overshadowed this year by continued product innovation in the synthetic CDO space, with the introduction of various structures such as leveraged super seniors and credit principal protected notes.

“The CDO space is highly innovative in the way it adapts to market...


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