Diamond prices bigger timeshare securitization

Jeweler's loupe
By Fotios Tsarouhis
15 Aug 2018

Diamond Resorts came to market on Wednesday with its first ABS offering of 2018, increasing the size of the deal at pricing by $100m.

The total size of the timeshare loan-backed issuance was increased from $300m to $400m.

Diamond Resorts Owner Trust 2018-1 comprises four tranches, with the senior ‘A’ tranche swelling from $161.05m to $214.75m, and pricing at 85bp over interpolated swaps.

Likewise, the deal’s ‘B’ tranche grew from $78.16m to $104.21m, ...

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