It all started off cordially enough. In May Deutsche Bank kickstarted the market for German mortgage-backed securities, with a Dm1.4 billion ($800 million) securitization of residential mortgages originated by its commercial banking division. Then, in late July, Deutsche Bank returned to the market with what it claimed was the first ever securitization of German corporate loans. But was it?
Although Deutsche Bank was widely reported as having issued the first German collateralized loan obligation (CLO), Dresdner Bank has cried foul.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
