Six deals that changed the market in 2006
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Name of institution: ABN Amro
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ABN Amro’s constant proportion dynamic obligation deal was somewhat fittingly called Surf as it created a wave of curiosity, controversy and copycat transactions. Dealer and investor interest was naturally piqued by the creation of a credit instrument that offered a triple-A rating on coupon and principal for a 10-year security that offered 200 basis points over Libor.
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