Euro ABS issuers float IPTs as primary slows
With December on the horizon, bankers are looking to get deals over the line before investors close their books for the year. A few remaining deals in the pipeline are out with price talk, looking to print either this week or next week at the latest.
Buyer demand appears to be easing, with pricing on recent deals wider than initial price talk and books only moderately oversubscribed.
One syndicate banker described the pricing conditions for deals currently as the ‘toughest seen for some years’.On Tuesday, a German auto ABS, ABEST 16, placed
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