Low yields spark esoteric ABS buying frenzy
Prolonged low interest rates and more mature whole business and container industries have drawn investors to play in the growing world of ‘non-traditional’ ABS, with demand for esoteric asset classes expected to stay strong in the second half of the year.
Esoteric ABS, such as whole businesses and container leases, saw an increase in deal volume in the first half of the year, driving the broader esoteric sector past $18bn of issuance in 2017, up from $12bn in the same period of 2016, according to S&P Global Ratings analysts.
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