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Article: Despite Challenges, Duke Launches CDO.(Duke Street Capital Debt Management, collateralized debt obligation)
- Article from:
- High Yield Report
- Article date:
- May 5, 2003
- Author:
CopyrightCOPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Duke Street Capital Debt Management's closing of Duchess II, the second-largest leveraged loan collateralized debt obligation (CDO) to close in Europe this year, proved that despite increasingly difficult market conditions, it is still possible to raise new CDOs. But even Duke Street, whose sizeable Duchess I transaction enjoyed a solid investor base, had a much harder time structuring some of the debt tranches this time around.
Over the past 18 months, the number of new CDOs launching into the European market has tailed off significantly. Only 19 transactions originated in Europe, amounting to EURO3.7 billion, have launched so far this year, compared to EURO4.1 ...
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Article: S&P Asgns Prelim Rtgs in Duke Street's CDO Deal.
Business Wire;
February 26, 2003 ;
700+ words
... ... loans, and structured finance securities. Duchess II is an arbitrage CDO sponsored by Duke Street Capital Debt Management Ltd. as collateral ... Street Capital Debt Management. The first, Duchess I CDO S.A., closed in June 2001 with a ...
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