Private buyers have capacity to support reduced ABS retention

By Tom Porter
16 Jul 2014

Data from the Association for Financial Markets in Europe on Wednesday showed European ABS issuers placed even fewer bonds with private investors in the second quarter than they did for the same period in 2013, a source of growing frustration to buyers scratching around the market for paper as the summer lull begins to take hold.

Issuers placed €19.4bn on the public market in the second quarter, just 20.4% of the total securitized product issued in the period, according to AFME. That compares to the €20.7bn placed in the same quarter last year, which represented 38.7% of that quarter’s total.

Year to date distributed ...

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