Lehman Brothers was on top of the action last week in the collateralized debt obligation market, showing investors Saybrook, a $300 million deal backed 100% by high-yield bonds. The $250 million triple-A tranche was marketed at Libor plus 48 basis points.

General Re and New England Asset Management were collateral managers on the deal.

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.