Others   

Temasek Holdings into CDOs

A unit of Singapore investment company Temasek Holdings, ST ASSET Management Ltd, will manage a US$344m Asian collateralised debt obligation (CDO) to be arranged by Lehman Brothers Holdings Inc. The value of the CDO will be based on credit-default swaps on 60 bonds sold by Asian companies and governments, with 21% from India, 17% from Australia and 30% from Hong Kong and China, according to Moody's Investors Service.