Off-the-run ABS sell quickly as benchmark issuers take breather
Three off-the-run asset backed securities sold under price guidance this week, including a $134m tax lien ABS, a $175m small business loan deal and a $277.5m triple net lease issuance, bringing esoteric and non-benchmark issuance to around $8.5bn — half of what those sectors produced over the same period last year.
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