Pair of timeshare offerings hit ABS primary

By Sasha Padbidri
29 Mar 2017

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.

The $145m no-grow transaction from BRE GI, HGVGI 2017-A, is being led by Bank of America Merrill Lynch. The deal is a debut offering from the issuer, though it is an affiliate of Hilton Grand Vacations, a regular name in timeshare ABS. 

S&P Global Ratings and Fitch ...

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