US ABS

摘要

"Buy now, pay later" fintech company AFFIRM made a strong return to the US ABS market last Tuesday after the company's blockbuster IPO less than a month ago. Huge investor demand greeted the San Francisco-based lender's US$500m deal, AFFIRM ASSET SECURITIZATION TRUST 2021-a, Which is backed by a revolving portfolio of point-of-sale consumer loans. The 144A/Reg S offering fetched about US$4bn in orders, helping bankers tighten spreads on all five classes of notes inside their guidance, a source familiar with the deal said.