Daimler breaks US YTD record, Colony forges ahead in rental

By Matthew Scully
03 Apr 2014

Daimler led the week with the largest ABS since last April, spearheading a potentially busy month in securitization. Hotly anticipated deals from SolarCity and Colony Capital also hit the market, opening the way for other potential solar and REO-to-rental issuers.

Investors continued to look away from secondary markets and focus on primary issuance, with BWIC volume for asset-backed securities down month over month, according to Markit.

Daimler priced a Mercedes Benz auto ABS (MBALT 2014-A) that was increased to $1.98bn. That is the largest issuance in ABS markets ...

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