Deutsche Bank aims to price securitized issue

Article Abstract:

Deutsche Bank is entering the collateralized loan obligations (CLO) market by issuing 4.3-billion-marks worth or $2.4-billion worth of CLO on July 24, 1998. CLO is a type of bank-loan securitization process that allows banks to free up capital that is usually not revolved and is held back insuring the bank against loan defaults. Reports said that Deutsche is pricing its CLOs on July 27, 1998. Industry dealers have been expecting Deutsche Bank to enter the CLO market since the German government allowed banks to securitized their assets in May 1997.

Comment:

Enters collateralized loan obligations market by issuing DEM4.3-bil worth or $2.4-bil worth of CLO on 7/24/98

Commercial Banks, Commercial Banking, Germany, Deutsche Bank AG, Article

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Formula One scales down bond offer

Article Abstract:

Formula One launched its $1.4 billion (1.34 billion euros) bond offering after taking more than six months do to so. The company is beginning the bond offering with the support of Westdeutsche Landesbank Girozentrale (West LB) of Germany. West LB promised to contribute its own capital to acquire a major share of the bonds from Formula One. West LB is the joint lead manager of the offering with Morgan Stanley Dean Witter & Co.

Comment:

Launches $1.4 billion (1.34 billion euros) bond offering after taking more than six months do to so

United States, Sports Teams and Clubs, Professional Sports NEC, Professional sports, Alliance USA Inc.

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