Franchise ABS trading levels show 'encouraging signs' of recovery

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 ...Already a subscriber? Login