First asset backed deals of the year emerge in new pipeline
The first three securitised deals to launch this year have been in the asset classes that dominated the market in 2010 — Dutch prime, German autos, and UK prime.
All three deals in the primary market pipeline Arena 2011-1, Driver Eight, and Holmes 2011-1 are compliant with the new S&P criteria.
Delta Lloyds Dutch prime RMBS Arena 2011-1 was the first deal announced this year, with a roadshow last week, and pricing expected on Friday.Guidance ...
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