UNITED STATES

摘要

Demand for asset-backed bonds with a bit of yield remained red-hot last week. Deals backed by student debt, sub-prime auto loans and single-family rentals all gave up far less spread than initially expected. COLLEGE AVENUE STUDENT LOANS priced its debut US$160.9m student loan ABS, college ave 2017-A, at tighter levels than guided. Barclays was purchasing agent. Collateral: Student loans to borrowers with a weighted average credit score of 763 - significantly higher than some recent private student loan securitisation pools, according to DBRS. About 90.2% of loans are co-signed. Largest tranche: Class A1 US$95.32m with 5.56-yr WAL; rated BBB/A; priced at one-month Libor plus 165bp versus guidance of 175bp-185bp.