Railcar ABS issuance surpasses 2020 volume

AdobeStock_rail_575x375_22Jan2021
By Jennifer Kang
04 Mar 2021

The railcar securitization market has comfortably exceeded last year’s issuance volume already with the addition of Napier Park, a New York based alternative asset management platform. Bolstered by strong investor appetite for yieldy paper, railcar ABS deals will continue to be well subscribed and in high demand, sources say.

Almost all of the railcar deals that have priced so far this year have been multiple times oversubscribed, said Caroline Chen, senior vice president and research analyst at Income Research + Management.

“What you’re seeing is a fair amount of capital looking for good deals to invest in,” said ...

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