ABS on backburner as wait for re-opening continues

By Joseph McDevitt
10 Jan 2014

The first European securitization mandate of the year may emerge next week, though bankers expect the asset-backed primary market to remain sluggish in January on the back of a busy final quarter to 2013.

“Talking to other banks, I don’t expect to see much deal volume in January,” said one ABS syndicate banker on Wednesday.

Bankers expect 2014 to pan out broadly like last year, with a revived European CLO and CMBS primary market compensating for lower RMBS issuance volumes from ...

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