‘Hurricane Isaac ABS’ to be sold next week

Jamaican hurricane
By Matthew Scully
24 Jul 2014

Benchmark sized deals are taking a backseat this month as smaller deals hit the market in full force, including a utility rate securitization that will help finance costs incurred by Hurricane Isaac, which hit the Louisiana coast in 2012.

Bank syndicate officials told GlobalCapital the asset-backed new issuance calendar is going to stay active stretching into August. Investors took down close to $4bn in new deals across consumer and esoteric issuance this week, and another four deals were lined up by Thursday to be sold ...

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