AmEx makes ABS return with oversubscribed deal
Strong fundamentals and a rally in ABS spreads led bankers to increase the size of a credit card ABS transaction from American Express on Monday.
Leads RBC, Barclays, MUFG and Wells Fargo increased the initial size of the deal from $1.04bn to $3bn before pricing. The $2.3bn ‘A’ tranche of
AMXCA 2017-1/2 deal was priced at 23bp over interpolated
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org