Salomon Smith Barney has done it again, pricing a CDO from a manager that has had previous deals see ratings volatility, at levels that are in line with the asset manager's peers.

Conseco Capital Management, which has had three of its ML series high-yield CBOs in the 1997-1998 vintage witness rating volatility, priced a fresh $350 million investment grade average CDO at the tight-end of revised price talk. Ascension High Grade CDO Ltd. printed its seven-year triple-A notes to yield 41 basis points over six-month Libor (par).

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