Sterling ABS market digs in for wave of new supply

Speed_concept_Adobe_FIG_230x150
By Tom Brown
10 Sep 2019

Investors are eyeing a rush of sterling ABS and RMBS deals looking to push ahead through the Brexit window after the UK Parliament was suspended for five weeks beginning on Monday, with buysiders confident that spreads will withstand the rush of new supply.

In UK RMBS, market participants report that spreads remain steady. There is particularly strong demand for paper eligible for the ‘simple, transparent and standardised’ (STS) framework in the secondary market.

One UK investor said they are being shown “a lot of sterling deals coming out in the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.