On the sidelines since December 1998, asset manager Indosuez Capital is finalizing the equity on what will be the company's sixth collateralized debt obligation to date, said group co-head Daniel Smith.

With a target size of $500 million, the CDO, called Indosuez Capital Funding VI, will be backed 75% by high-yield loans (loans to companies with non-investment grade ratings) and 25% high-yield bonds and mezzanine debt.

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