Working Paper
The trust preferred CDO market: from start to (expected) finish
Hopkins, Michael; Cordell, Lawrence R.; Huang, Yilin (2011)
This paper investigates the development, issuance, structuring, and expected performance of the trust preferred securities collateralized debt obligation (TruPS CDO) market. Developed as a way to provide capital markets access to smaller banks, thrifts, insurance companies, and real estate investment trusts (REITs) by pooling the issuance of TruPS into marketable CDOs, the market grew to $60 billion of issuance from its inception in 2000 through its abrupt halt in 2007. As evidenced by rating agency downgrades, current performance, and estimates from the authors' own model, TruPS CDOs are ...
Working Papers , Paper 11-22

Conference Paper
The trust preferred CDO market : from start to (expected) finish
Hopkins, Michael; Cordell, Lawrence R.; Huang, Yilin (2011)
Proceedings , Paper 1128