SCIWire

Euro secondary still seeks supply




Demand continues to outstrip supply in the European securitisation secondary market.

Tone remains positive across the board and investor appetite is still strong in every sector. However, there continues to be next to no supply via BWICs or new issuance. Consequently, when auctions do appear they trade exceptionally well and are keeping spreads flat to slightly tighter.

There is currently one BWIC on the European schedule for today - a two line double-B CLO auction due at 15:00 London time. It involves €4m AVOCA V-X E and €7.5m JUBIL VII-X E. Only the latter has covered on PriceABS in the past three months - at 97.5 on 19 January.

24/01/2017 09:11:57



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