Italian ABS looks upon another Sunrise as its public revival spreads

Banca Sella 230x
By Tom Porter
29 May 2014

Investor thirst for Italian asset-backed paper is proving hard to quench at the moment, with bankers seeing more accounts gaining mandates to invest in Italian transactions and issuers spreading a recent revival in public ABS issuance from the country to two more asset classes.

Buyers anxious to get into one of the few pockets of yield remaining in the European ABS markets have created a cosy environment for new Italian deals. Despite seeing their spreads halved in the secondary market since the start of the year, Italian borrowers are still able to ...

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