Bank lending won't be far behind.
* * * * * J B K * * * * *
San Francisco
March 16 (Bloomberg) -- The market for collateralized debt obligations backed by high-yield, high-risk loans is poised to open in the U.S. for the first time in a year after losses on mortgages prompted investors to flee bundled securities.
Citigroup Inc. is underwriting a $500 million fund managed by New York-based WCAS Fraser Sullivan Investment Management LLC, scheduled to price as soon as this week, according to people familiar with the offering who declined to be identified because terms are private. The deal refinances an existing collateralized loan obligation and increases its size by more than 50 percent.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aywTa0.RvuA4&pos=6
