Bear Stearns, the most active arranger of Asian collateralized bond obligations (CBOs), recently rolled out its third Asian CBO this year. The latest one is managed by AXA Investment Managers Hong Kong.

The $60 million CBO is backed by a portfolio of US dollar-dominated securities consisting of 38 exposures from nine Asian countries. An offshore SPC called Asian Diversified Bond CBO Limited issued two classes of notes, A and B.

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.