Collateralized debt obligations - Laurie S. Goodman

The collateralized debt obligation market has seen explosive growth in the last few years. To help you keep up with the expanding CDO market and its various instruments, Laurie Goodman and Frank Fabozzi have collaborated to bring you Collateralized Debt Obligations: Structures and Analysis. Written in a clear and accessible style, this book is a valuable guide that provides you with critical insights into many areas of this important market sector.

This straightforward and well–rounded resource offers a wealth of practical information on the collateralized debt obligation market and its products.

Topics covered include:
* Cash flow versus market value structures
* Synthetic structures
* Structures backed by speculative and investment grade corporate bonds and loans, emerging market bonds, and structured finance products
* The appropriate default rate for high yield–backed structures
* Mezzanine and equity tranches
* PIK tranches
* Structural considerations and the CDO arbitrage

Filled with in–depth insight and expert advice, Collateralized Debt Obligation is required reading for those who seek to understand this market.