European ABS pipeline heats up but Brexit window begins to close

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By Tom Brown
16 Jul 2019

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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