All Asia CBO Limited has launched $45 million collateralized bond obligation (CBO) via arranger Credit Lyonnais. All Asia, a Cayman Islands special purpose company, will use the bonds to buy 23 US dollar denominated fixed-rate bonds worth $45 million.
The bond portfolio is from Korea (22%), Thailand (18%), Philippines (13%), Malaysia (13%), India (11%), Hong Kong (9%), Singapore (7%) and China (7%). Average bond size in the portfolio is $1.96 million, (4.35 4.3% of the total portfolio). About 16% of the bonds are sovereigns.