Late August showed a small flurry of issuance in the collateralized debt obligation sector, with two deals agented by First Union Capital Markets, which has been steadily increasing its market presence.

At press time last week, St. George Funding 2000-1, which priced on Aug. 24, was nearing closure. The $440 million CDO is backed by asset-backed securities, and was sold in multiple parts: with triple-A, double-A, and single-A notes, and C class notes. The collateral manager, CGA Investment Management, is a wholly owned subsidiary of CGA Group.

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.