Newswire
By Shankar Ramakrishnan Incessant demand for asset backed securities is allowing issuers to innovate with the methods of deal distribution. On Wednesday, Ford Motor Credit used a unique approach to distribute its US$1.34bn ABS backed by prime auto loans - it cut off the process of price whispers and invited orders based on the price guidance for different tranches. In a typical ABS, issuers usually sound out investors with a price whisper for the different ...
REGISTER NOW
To access this content simply register below now.
Registering is easy and allows you to:
- Access all WardsAuto.com public content and newswire stories
- Participate in forums
- Comment on articles
- Sign up for e-newsletters
-
And much more!
