Bumper 8 thrives with swollen sterling book
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 ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com