European ABS battens down hatches despite Mercedes reopener
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European ABS battens down hatches despite Mercedes reopener

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Mercedes-Benz bank reopened the European ABS market with a €1.1bn German auto ABS deal on Thursday, but market players are bracing for a subdued and “clubby” market over the next few months as UK issuers wait for volatility to subside in the aftermath of the British referendum result.

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