STS ABS issuance volume pushes past €30bn
Monthly issuance of European ABS carrying the simple, transparent, and standardised (STS) label exceeded €5bn in September, with total year to date STS issuance coming in at more than €30bn, according to S&P Global Ratings.
September was also the first month when the majority of new issuance in Europe was STS.“While the market is, by definition, now bifurcated into STS and non-STS segments, these look set to coexist successfully, with STS exposures more likely to appeal to bank treasuries, while non-STS ...
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