EJF Capital is preparing a collateralized debt obligation backed by securities intended to help small banks and insurance companies raise capital.

The $331 million TruPS Financials Note Securitization 2017-1 recycles pre-crisis trust preferred securities, subordinated and senior notes issued by  49 community banks, as well as surplus notes issued by 11 small and medium-sized insurance companies, according to Moody’s Investors Service.

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