Deal: Apollo CCO
Structurer: Barclays Capital
Date Announced: December 7 2004
Barclays Capital issued the first collateralized commodity obligation (CCO) last month, providing fixed-income investors with access to commodities as an asset class. Historically, collateralized debt obligations (CDO) have used bonds, loans or credit default swaps as the underlying asset. This variant uses derivatives technology to create a debt-style pay-off for a different asset class, giving investors exposure to a basket of commodities in an established fixed-income format.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
