Merrill Lynch makes use of Ashurst’s CDO nous
Ashurst has advised Merrill Lynch on a collateralised debt obligation (CDO) involving small and medium-sized enterprises (SMEs) issuing bonds as security for notes. The PULS CDO 2006-1 PLC was issued in five tranches of fixed and floating-rate notes and had a total value of £260m. It was the first deal for portfolio manager Capital Securities […]