(Bloomberg) -- The numbers looked compelling. Buy this
investment-grade collateralized debt obligation and you'll get a
return of up to 10 percent, Credit Suisse Group said. That was
almost 25 percent more than the average yield on a similarly rated
corporate bond.
Investors snapped up the $340.7 million CDO, a collection of
securities backed by bonds, mortgages and other loans, within days
of the Dec. 12, 2000, offering. The CDO buyers had assurances of its
quality from the three leading credit rating companies --Standard &
Poor's, Moody's Investors Service and Fitch Group Inc. Each had
blessed most of the CDO with the highest rating, AAA or Aaa.
Read more at Bloomberg Bonds News
investment-grade collateralized debt obligation and you'll get a
return of up to 10 percent, Credit Suisse Group said. That was
almost 25 percent more than the average yield on a similarly rated
corporate bond.
Investors snapped up the $340.7 million CDO, a collection of
securities backed by bonds, mortgages and other loans, within days
of the Dec. 12, 2000, offering. The CDO buyers had assurances of its
quality from the three leading credit rating companies --Standard &
Poor's, Moody's Investors Service and Fitch Group Inc. Each had
blessed most of the CDO with the highest rating, AAA or Aaa.
Read more at Bloomberg Bonds News
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