Despite the dizzying number of theories on the potential impacts on the CDO from the new rules proposed by the Financial Standards Accounting Board, three visible CDOs priced in the eight days since FASB met. The Clinton Group, a New York-based hedge fund, priced two of these deals.

The first, Chambers Street CDO II, is $1 billion notional five-year bullet managed synthetic investment-grade corporate bond-backed CDO via Bear Stearns. The firm also printed a $400 million structured finance/multi-sector CDO, increased from $300 million, via UBS Warburg.

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