Santander UK keeps market guessing
The European ABS market was overshadowed by the flurry of deals launched in other asset classes on Monday. But the tightening spread environment has provided a constructive backdrop, suggesting that ABS transactions scheduled for this week are likely to find a good reception.
Santander UK is expected to release price guidance for its Motor 2012-1 auto ABS deal late on Monday. Joint leads Bank of America Merrill Lynch, Citigroup and Santander UK finished roadshowing the deal last week.
Santander UKs Motor 2012-1 is notable for being the first European auto ABS to
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