ABN AMRO is structuring a synthetic securitization referenced to airplane leases, which it expects to price this quarter. John Mullen, head of global structured credit markets in London, said the deal is likely to be over USD1 billion and privately placed, but declined further comment.
This deal would be one of the first synthetic airplane loan securitizations. Merrill Lynch and IntesaBci structured the first deal, Leonardo, in 2001 (DW, 4/29).
