Pair of timeshare offerings hit ABS primary

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Pair of timeshare offerings hit ABS primary

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View of a beautiful private home in a tropical setting right on the beach | Olga Bogatyrenko/chasingmoments - Fotolia

Westgate Resorts and BRE Grand Islander (BRE GI) are in the market this week with timeshare backed ABS, with investors paying particularly close attention to a high concentration of foreign obligors in the BRE GI deal.

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