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Deal focus: BNP finances 90% of Camber via conduit

Starbird Funding Corp., an ABCP conduit sponsored by BNP Paribas, financed $900 million of the $1 billion Camber I ABS-backed CDO that priced on Jan. 31, according to market sources.

BNP Paribas is underwriter on Camber I, with collateral manager Cambridge Place Investment Management. BNP's Starbird purchased two triple-A...

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