Awards for Excellence 2005
Citigroup
Citi has added to its ABS franchise with a breakthrough year in continental Europe
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| David Basra |
In the past 18 months asset-backed securities went truly global. The first stage of the globalization of ABS – the development of thriving markets in North America, Europe, and Australasia – was already complete. Now issuers will tap these multiple markets simultaneously. UK residential mortgage-bcked securities issuers, for example, might issue in sterling, euros, and dollars, creating global distribution and exploiting global price tension.
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