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Article: $7 billion prices to close out more than $200 billion first half of ABS supply.(asset backed securities)(Brief Article)(Statistical Data Included)
- Article from:
- Asset Securitization Report
- Article date:
- July 1, 2002
- Author:
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The second quarter came to a close last week with $7.1 billion in issuance, a bit slower than the $10-plus-billion the primary has seen throughout the first half of the year. Just about every asset class was represented, including some of the more esoteric assets, such as insurance premium loans, mutual fund fees and franchise loans.
Through the first six months of the year, public and 144A asset-backed supply topped $210 billion, a 16% increase from the $175 billion that priced through this time last year. Home equity supply totaled approximately $86.8 billion, up 33.6% from this time last year; auto loan supply was up 25.7% from the first half of 2001 at $45.5 ...