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Stunning Stellantis leads the way
Manage episode 424239753 series 3360631
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Stellantis grabbed the attention of the Another Fine Mezz team this week after pricing a huge €1.2bn Italian auto ABS with investors desperate to get their hands on it.
The buzz from Barcelona is still continuing it seems with strong demand for a range of ABS paper, including Nationwide's second 'stock and drop' deal and yet more Italian paper, in the form of consumer ABS.
Meanwhile in CLOs, the market is reopening at a slightly more leisurely pace. But Bain's decision to get out early has paid off, pricing at 141bp over three-month Euribor on Thursday.
Finally, the team basked in the glory of finally acquiring a professional production editor.
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