Starbird Funding Corp., an ABCP conduit sponsored by BNP Paribas, financed $900 million of the $1 billion Camber I ABS-backed CDO that priced on Jan. 31, according to market sources.

BNP Paribas is underwriter on Camber I, with collateral manager Cambridge Place Investment Management. BNP's Starbird purchased two triple-A $450 million classes that priced at 26 over three-month Libor. It's understood that the $450 million A-2 class was wrapped in the conduit, though this could not be confirmed.

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.