2020 the worst year for euro ABS issuance since financial crisis

Bank of England
By Tom Brown
21 Dec 2020

European ABS issuance is closing the year with the lowest volumes since 2009, with the Covid-19 economic turmoil and cheap central bank liquidity having deterred issuers from coming to market.

With only 10 days remaining until the end of the year, a clearer picture is emerging about the health of the securitization market in Europe.

European ABS issuance reached €47.9bn year-to-date, 36% below 2019 levels, according to JP Morgan.

The decline has been partially due to the availability ...

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