Corporate financiers can expect aggressive deal structuring in the asset backed securitization (ABS) market in the second half of the year, according to predictions from ABN AMRO, as issuers look to take advantage of investor demand in the marketplace.
A trend for repeated ABS issuance by corporates has boosted investor confidence and continues drive prices to tight levels, says the bank. Aegon, Delta Lloyd, Achmea and AMS have all re-entered the ABS market and AAA rated spreads have shortened from Euribor +25 down to the +15 region in only six months.
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