Container ABS shines as bright spot in transportation sector

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By Jennifer Kang
12 Aug 2020

Textainer enjoyed high demand and tighter than expected spreads when it priced the first container securitization of the year. Container ABS stands out among other transportation asset classes, according to investors, due to its strong utilization rate and the security that comes from the multi-year leasing agreements between lessors and shipping lines.

Textainer's class ‘A’ notes were priced with a coupon of 2.73% and its ‘B’ notes with a coupon of 4.94%, both much tighter than initial pricing thoughts. 

The $450m deal was structured by RBC Capital Markets and Wells Fargo.

Textainer Marine Containers 2020-1 marked the return of ...

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