Treatment of [M (μ-Cl) (cod) ] (M=Ir and Rh) with Na[H B(bt) ] (cod=1,5-cyclooctadiene and bt=2-mercaptobenzothiazolyl) at low temperature led to the formation of dimetallaheterocycles [(Mcod) (bt) ], 1 and 2 (1: M=Ir and 2: M=Rh) and a borate complex [Rh(cod){κ -S,S'-H B(bt) }], 3. Compounds 1 and 2 are structurally characterized metal analogues of 1,5-cyclooctadiene. Metal-metal bond distances of 3.6195(9) Å in 1 and 3.6749(9) Å in 2 are too long to consider as bonding. In an attempt to generate the Ru analogue of 1 and 2, that is [(Rucod) (bt) ], we have carried out the reaction of [Ru(Cl) (cod)(CH CN) ] with Na[H B(bt) ]. Interestingly, the reaction yielded agostic complexes [Ru(cod)L{κ -H,S,S'-H B(bt) }], 4 and 5 (4: L=Cl; 5: L=C H NS ). One of the key differences between 4 and 5 is the presence of different ancillary ligands at the metal center. The natural bond orbital (NBO) analysis of 1 and 2 shows that there is four lone pairs of electrons on each metal center with a significant amount of d character. Furthermore, the electronic structures and the bonding of these complexes have been established on the ground of quantum-chemical calculations. All of the new compounds were characterized by IR, H, B, C NMR spectroscopy, and X-ray crystallographic analysis.