European ABS issuers burn rubber after bank holiday

Race car burning rubber
By Graham Bippart
03 Sep 2015

The European structured finance pipeline got off to an energetic post-summer start, with a UK auto ABS, a German auto ABS, two UK non-conforming RMBS, a UK prime RMBS and a Dutch prime RMBS all being prepared to hit the primary market.

But after a summer of uncertainty, in which spreads across asset classes have widened and with liquidity yet to return to pre-summer levels, it may be more of a buyer’s market than it was in the beginning of the year.

RBS snags CarVal RMBS mandate

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