Franchise ABS trading levels show 'encouraging signs' of recovery

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By Jennifer Kang
17 Feb 2021

Whole business ABS deals are trading at a premium or on par in the secondary market, following improved US consumer activity and market conditions. Sources say the strong secondary levels signal the asset class is set to make a strong comeback this year.

The pandemic stopped the growth streak the franchise ABS market saw in 2019, with the pricing of 13 deals totalling $9bn. Last year brought in roughly half of that volume, with 10 deals adding up to $4bn.

 Most offerings that were able to price consisted mostly of ...

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