US auto-loan bond issuance seen nearing pre-crisis levels


By Charles Williams NEW YORK, April 26 (IFR) - Auto ABS issuance volumes are expected to come close to touching pre-subprime crisis levels this year and total ABS volumes could set a new post-2008 record, based on the projections of at least two banks which revised upwards their forecasts this week. New-issue US asset-backed securities (ABS) backed by auto loans are the main reason the non-mortgage ABS market is off to its strongest start since the 2008-2009 credit crisis. Year-to-date ...

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