2015-10-20 — bloomberg.com
``StoneCastle Financial is among the funds that are reviving the collateralized debt obligation, or CDO... The CDO that StoneCastle put together is... backed by subordinated debt issued by about 35 community banks, some of them so small they don't have credit ratings. Subordinated debt is paid off last in a bankruptcy, so issuers typically compensate buyers with higher yields than on other borrowings.
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