Consumer ABS issuance spikes in May

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By Alexander Saeedy
05 Jun 2018

A bumper month of US consumer ABS issuance in May has helped push year-to-date volumes ahead of last year's figures, although this could be driven by issuers front loading ahead of expected rate rises later in the year, said analysts.

ABS investors snapped up $23.6bn of new consumer ABS paper last month, in what was the busiest month of May for the market since the financial crisis, according to Wells Fargo analysts.

Several large credit card deals, including Chase’s $1bn offering and another large deal from CIBC, helped ...

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