Canadian ABS issuers tap deep US pockets

Credit cards 230x150
By Sasha Padbidri
24 Jan 2017

The Bank of Montreal priced a dollar-denominated credit card securitization on Wednesday, with deal watchers saying they expect the market for cross-border ABS transactions to flourish in 2017.

Canadian credit card ABS, which saw US dollar-denominated issuance from the five largest Canadian banks in 2016, is set to grow in deal volume this year, say sources speaking with GlobalCapital.

“For Canadian banks, the US credit card ABS market represents a broad, deep investor base that could foster ...

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