Floorplan ABS issuers bringing larger deals at higher yields

By Ryan Bolger
29 Jan 2015

Floorplan ABS issuers have targeted volume over pricing in recent deals, but spreads should tighten later on this year making it more difficult to increase new transactions, market participants said.

Nissan grew its first floorplan ABS deal from $500m to $900m on Wednesday, January 28, to take advantage of strong demand for high yield product, an ABS banker familiar with the transaction told GlobalCapital. The deal was the issuer’s first transaction since it brought a $1bn deal in 2013.

The ...

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