European ABS pipeline heats up but Brexit window begins to close
Sterling securitization supply issue is predicted to continue up until late August at least, spurred on by the Brexit deadline of October 31. According to a syndicate banker, there are relatively few continental European investors still willing to invest in sterling deals, with the exception of selected French investment firms.
“My opinion is that [sterling] deals have to be out as soon as possible, straight through by the end of August they have to be out,” said a syndicate banker. “The European [continental] buyers have more or less disappeared.”European supply, however, is predicted to drop off ...
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