Deutsche Bank and Salomon Smith Barney both hit the collateralized debt obligation market last week, issuing securities with combined proceeds topping the $1 billion mark, said market sources. Neither deal had closed at press time.

Salomon's Coliseum Funding Ltd. was said to be worth $560 million, though that figure is unconfirmed. According to a source familiar with the deal, the CDO, which will be run by Travelers Asset Management, is unique in that it's 70% backed by investment grade assets, a rarity in the CDO market.

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