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 ...
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