AMAG pulls Swiss franc ABS after boosting bank debt

Owen Sanderson,

Tom Brown

April 15, 2020 12:00 PM

Zurich west end with Mobimo tower under construction from Adobe 24Feb20 575x375 — Panoramic view of the Westend of Zürich city with the construction site Mobimo Tower | GMC Gerd Mueller/gmcphotopress - stock.adobe.com

AMAG Leasing, a regular issuer in the small Swiss franc ABS market, pulled its planned Swiss Car ABS 2020-1 deal on Tuesday after investors declined to support the deal at a level the company found attractive. It had recently renewed its bank facility, and is also a regular issuer in the unsecured Swiss franc bond market.

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Topics

Corp Bonds - Swiss franc Health and Biotech ABS Securitization SRI Corporate Bonds Structured Bonds Swiss Francs

OS

Owen Sanderson

TB

Tom Brown