John Hancock Life Insurance Co. recently launched and priced Signature QSPE Limited, a static bond-backed CDO structured to satisfy QSPE criteria as defined by the current version of FAS 140.

The CDO market does not often see static, cash bond deals, as most of the visible balance sheet market has moved to the synthetic realm. According to a ratings report from Moody's Investors Service, most of the assets in Signature QSPE are U.S. dollar denominated bonds.

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