(Bloomberg) -- Banks and asset managers sold 38.7
billion euros ($52 billion) of collateralized debt obligations in
Europe so far this year, 135 percent more than the same period a
year ago, according to Deutsche Bank AG.
Collateralized debt obligations are created by packaging
bonds, loans or credit-default swaps and using their income to
pay investors. CDOs are divided into different portions of
varying risk, which can offer higher returns than the debt they
are based on or equivalently rated bonds.
Read more at Bloomberg Bonds News
billion euros ($52 billion) of collateralized debt obligations in
Europe so far this year, 135 percent more than the same period a
year ago, according to Deutsche Bank AG.
Collateralized debt obligations are created by packaging
bonds, loans or credit-default swaps and using their income to
pay investors. CDOs are divided into different portions of
varying risk, which can offer higher returns than the debt they
are based on or equivalently rated bonds.
Read more at Bloomberg Bonds News
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