UK ABS deals ahead despite January absence

30 Jan 2013

For the first time since 2009, UK issuers have not sold any securitisations in January. Although the slump fits expectations of lower supply from those issuers, bankers still expect some in the UK to bring deals.

Funding levels are at their cheapest for UK ABS borrowers since the financial crisis — but funding needs are also at their lowest, say ABS bankers. UK banks have made sparing use of the cheap liquidity available through the Bank of England’s Funding for Lending Scheme, said one ...

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