Euro notes

Term leveraging

Category: ABS CLOs Regulation


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European ABS market update

The European primary ABS market is still drifting wider, due to concentration of supply.

“Investors are using their leverage to dictate terms and push deals as wide as possible. That’s one of the reasons why the pipeline has been brought forward,” says one trader.

He adds: “If a deal is struggling, an investor can offer to push it over the edge.

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