European ABS market confident despite US vote anxiety

By Tom Brown
04 Nov 2020

The European ABS market remains confident despite the inconclusive outcome of the US presidential election as GlobalCapital went to press on Wednesday. The sector is one of the few capital markets to see deal activity this week, with Citizen Irish’s auto ABS pricing late on Wednesday.

Sources confirmed Wednesday morning the issuer was still targeting pricing for the day of the election results. The 2.31-year senior notes ultimately landed at 82bp over three-month Euribor, towards the wider end of initial price thoughts.

“Why not go today? Irish autos, Trump and Biden, those three things ...

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