Bloomberg News

Deutsche Bank Said to Seek to Raise $406 Million Octagon CLO

June 30, 2011

June 30 (Bloomberg) -- Deutsche Bank AG is seeking to raise a collateralized loan obligation to be managed by Octagon Credit Investors with a proposed size of $405.9 million, according to people with knowledge of the discussions.

The CLO may include a $254 million slice rated AAA by Standard & Poor’s, said the people, who declined to be identified because the terms are private.

CLOs are a type of collateralized debt obligation that pool high-yield, high-risk loans and slice them into securities of varying risk and return.

To contact the reporter on this story: Kristen Haunss in New York at khaunss@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net


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