Brushfield Capital launches debut CDO
The principal finance arm of ABN Amro, Brushfield Capital, has completed its first collateralised debt obligation.
Brushfield CDO 2007-1 is a CDO of US asset-backed securities (ABS), with a weighted average rating factor for the portfolio of AA.
“The portfolio has a higher credit quality than many of the comparable deals done in the first half of 2007,” says Jeremy Vice, executive director at Brushfield Capital and also a member of ABN Amro’s principal trading group in London. “In addition, we
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