Article: CDOs: Market May See More Re-Issued Market Value CDOs.(Collateralized debt obligations)

The market may begin to see increasingly more re-issued market value collateralized debt obligations (CDOs). That's because a significant amount of market value CDOs, which have performed relatively well, were launched in the late 1990s, so the first crop of such deals is reaching maturity now, according to Joo Hong, associate director at Fitch Ratings. Traditional market value CDOs typically have maturities of seven to eight years, while credit opportunities funds generally mature in five years, a CDO underwriter said.

Sankaty Advisors, a Boston-based credit affiliate of Bain Capital, is one firm that has decided to re-issue its $1 billion market value CDO - ...

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