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Callidus Capital markets $375 million HY CBO

CIBC has recently finished up its European roadshow for Callidus Capital Management's Ambac-wrapped inaugural CDO, according to investors. The arb cashflow HY CBO is said to be talking its triple-A-wrapped notes at +45-50 basis points over Libor, the same level as last week.

Callidus is a brand new company...

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