Buy and holds expected for First National Holdings' tax lien ABS

By Ryan Bolger
09 Dec 2014

Asset managers are expected to buy and hold all of a $90m tax lien ABS by First National Holdings, due to the relative stability but small size of the asset class.

“Tax lien ABS is a high quality asset that people like,” said an ABS analyst at a global bank. “It’s pretty cheap for triple-A, just because the deals are small.”

The tax lien ABS sector is a lot smaller than other asset classes, partly because only a few ...

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