rWhat's an extra half a mill amongst friends? Investors who bought into the Clinton Group's most recent CDO, Mulberry Street II, nearly unseated a PIMCO-backed deal as the largest ABS CDO reportedly to come to market. Weighing in at $700 million in size, Mulberry II was just a couple of grand away from tipping the scale over.

Initially structured at $400 million, Mulberry Street II had been pushed up to $500 million during marketing efforts, according to sources. Yet as closing time neared, lead manager UBS Warburg was able to bulk up Mulberry II to a heft $700 million in size, just half a million dollars less than PIMCO's Pacific Shores CDO Ltd., which closed at $700.5 million last year.

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