* HarbourView Asset Management, a subsidiary of Oppenheimer Funds, is out in the market with its HarbourView CLO V. The CDO is being marketed by Salomon Smith Barney, the firm's first for 2003. Spread talk pegs triple-A pricing at 50 to 55 bps over the three month LIBOR.
* Market insiders report Deerfield Capital purchased $1 million of Ba2 class notes from recent CDO new issue Charles River. The notes carry an 11.50% coupon. Despite the fact the bond reportedly priced at par, on December 16 insiders said Deerfield bought in at $89.406 for its Mid-Ocean II deal.
* "MBIA is not at risk of imminent downgrade," said Morgan Stanley's Charles Schorin, at the bank's ABS/CDO 2003 Research Roadshow. Schorin, global director of SPG research, was responding to investors' concerns about MBIA's CDO portfolio, which was the focus of a scalding report from hedge fund Gotham Partners in mid-December (see last week's ASR, p. 1).
