ECB lack of detail clouds pipeline in European ABS

By Tom Porter
11 Sep 2014

A strong September pipeline of European ABS transactions could face delays as issuers wait for more detail from the European Central Bank on its impending asset purchases, though those that do decide to pull the trigger should have no problem with execution, bankers said this week.

Portuguese lender Banif is already testing any new appetite for riskier SME ABS with its fourth Atlantes transaction, while GMAC and FirstRand Bank are currently marketing sterling denominated auto ABS deals (see separate stories).

But what is said to be a strong pipeline of euro denominated trades scheduled ...

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