Mizuho Securities Group raised the size of its Delphinus 2007-1 CDO transaction, as a result of strong investor demand, said company officials. Originally sized at $1.2 billion, the CDO will now sell $1.6 billion of debt into the capital markets and is secured by predominantly of triple-B and single-A rated U.S. RMBS.

The announcement is a change of pace for the subprime RMBS and CDO markets, which have been pestered with recurring bouts of volatility in subprime RMBS sector.

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.