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Investors snap up real estate-backed CDOs

GMAC Institutional Advisors' Crest 2002-IG Structured Finance/Multi-Sector CDO, backed by 95% CMBS and REIT investment-grade debt, delivered the tightest visible CDO print of 2002 on both the single-A (+135bp/3ML) and triple-B (+225bp/3ML) classes last Wednesday via Wachovia Securities.

The triple-A class also marked the tightest structured finance CDO print...

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