Bank of America Merrill Lynch has increased its forecast for issuance of bonds backed by airplane and railcar leases and timeshare loans and other non-traditional asset classes for 2014 by $5 billion to $20 billion.

So far this year, gross issuance of what BAML classifies as “other” types of ABS stands at $13.02 billion, compared with $16.15 billion for all of 2013, according to a BAML report published today. Analyst at the bank expect that issuance of bonds backed by timeshare loans, in particular will continue to be strong as sponsors look to securitize receivable generated during the summer months.

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