Pair of timeshare offerings hit ABS primary

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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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