The U.S. ABS primary market priced $14 billion last week in what has been a surprisingly steady pace of issuance so far in the nascent year.

One of the most unique deals on the week was a $6 billion U.K. RMBS, multi-currency deal, $3.7 billion of which was U.S. dollar denominated. The deal was led by Barclays Capital, Deutsche Bank and Merrill Lynch, and priced a one-year, $766 million at three basis points under one-month Libor. The two largest U.S. denominated tranches, a $1.125 billion tranche and a $1.55 billion tranche priced at four basis points over one-month Libor and seven basis points over one-month Libor.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.