Bumper 8 thrives with swollen sterling book

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By Owen Sanderson
31 Jan 2017

A UK auto ABS deal from LeasePlan was priced on Tuesday, with the £400m senior tranche more than twice subscribed, underlining the positive tone in the European ABS market as 2017 gets underway.

Investors piled into the deal, with £950m worth of orders coming in for the £400m senior class of bonds.

Lead managers BNP Paribas and Société Générale priced the £400m 1.89 year senior tranche at 53bp over one month Libor, and the £25m 2.85 year 'B' class at ...

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