Esoteric ABS surge continues
A trend of more esoteric ABS issuance continued this week with three deals marketing, one backed by timeshares, another by shipping containers and the third by railcar equipment.
Issuers of esoteric ABS products have brought more deals to market over the last year as larger investors in search of yield have subscribed to rated deals.Bluegreen Corporation is marketing a $117.9m timeshare deal expected to price later this week. The deal includes two tranches which ...
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