UNITED STATES

摘要

The US asset-backed bond market is bracing for another bumpy ride in the week ahead, with issuers taking a wait-and-see approach on whether or not to pull the trigger on fresh deals. Only US$2.84bn in fresh ABS trades were being pre-marketed as of Friday afternoon, down from the weekly average of US$4.4bn in priced deals so far this year, according to IFR data. "Deals have been softer, but the market is still open," one syndicate banker said. "It's just that issuers will likely have to be prepared to pay more to price deals." ]P Morgan on Friday priced the blackstone group's US$1.143bn invitation homes trade, the largest and one of the most highly leveraged so far in the roughly two-year-old single family rental (SFR) market.