Increased depth?

Increased depth?

Category: ABS CLOs CMBS


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Large bid-lists positive for Euro secondary liquidity

Strong demand for a series of recent large bid-lists could signal increased depth in the European secondary ABS market. Liquidity is unlikely to extend to mezzanine positions, however.

A series of large bid-lists, said to be from the legacy portfolio of a UK bank, captured the attention of the market earlier this month.

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