Pipeline heats up as risk rally takes hold
Three new ABS mandates hit the market in the second half of the week — auto deals from Socram Banque and Société Générale, and a new Arkle RMBS from Lloyds Banking Group. A constructive market backdrop, along with a blowout deal from Obvion’s Storm (see separate stories) flushed issuers out.
Lloyds was waiting until the end of the American Securitisation Forum to announce a deal, but wanted to secure a place in the pipeline, as several other issuers are said to be lining up. Clydesdale Bank is expected to relaunch its Lanark RMBS during February.
ABS bankers from Lloyds
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