Global Investment Advisors (GIA) will launch this month a $1 billion (notional) synthetic, managed investment-grade CDO called GIA CSDO, backed by about 100 corporate names, sources familiar with the transaction said. This is one of a handful of investment-grade CDOs that were delayed following 9/11, which have now become first-quarter business.

Lead manager Bear Stearns has most of the deal soft-circled, sources note.

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