Credit Suisse closed the first issue of long/short collateralized commodity obligations notes in April. Rated AAA by Fitch Ratings and denominated in US dollars, euros and Australian dollars in three-year and five-year tranches, the $190 million issue of notes offers protected coupon payments and principal repayments based on the performance of long and short positions on a portfolio of commodities.
Chris Leahy,
May 01, 2007