ABS pipeline empties as Kenrick follows Santander out
West Bromwich Building Society has postponed its Kenrick No. 1 RMBS, following intense market speculation about the deal’s fate on Thursday. The society’s decision comes at the end of an exceptionally difficult week for Europe’s capital markets including the ABS market. Santander Germany postponed an auto ABS and Banca Etruria held back an Italian RMBS as a result of market volatility on Tuesday.
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