Citigroup prepares emerging-market CDO as demand returns

11/5/2009 | Financial Times (tiered subscription model)

Bankers at Citigroup, with Sydbank of Denmark acting as a portfolio manager, are about to launch one of the first emerging-market collateralised debt obligations since the beginning of the credit crunch. "The market for CDOs was dead, but now investor interest is slowly being revived, provided they are shown the right structure," said Philip Blackwood, Sydbank's emerging-market fixed-income managing director. "Demand for these types of emerging-market currency products is definitely there."

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