ABN AMRO plans to raise the bar for Australia's so-called socially responsible fixed interest rate investment vehicles with its newest CDO issuance set for Friday.

The Rembrandt Australia Trust 2005-1 (Responsibility, Ethics, Environment, First [REEF] series 1) senior secured tranche of five-year double-A minus rated floating rate notes offered to investors are linked to the performance of a A$1.1 billion ($830.1 million) portfolio of investment grade CDOs containing companies considered "at the forefront of social responsibility," according to ABN AMRO. The portfolio of CDOs has a probability of default equivalent to at least triple-B minus.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.