ABS issuers rush to close before Easter slowdown
European banks have been busy wrapping up secured financing deals this week, as the unsecured markets slip into holiday mode ahead of the Easter break. As well as a clutch of ABS transactions, rare covered bond issuer Axa Bank Europe printed a €1bn trade in an unusual format. But the deals came at the expense of the unsecured markets, with public and private deals slowing down.
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