Varied ABS in 2015 as Italy hits €6bn

This year’s European ABS issuance volumes have only just crept above those of 2013, but there has been a greater variety of deals encouraged by tighter spreads and the resurgence of certain asset classes. Banca Popolare dell’Alto Adige’s resale of RMBS notes this week exemplified a trend that is set to strengthen in 2015 as deal economics improve.