Month-end Issuance will topple last year pace. According to figures reported by the Royal Bank of Scotland over $14 billion (U.S. equivalent) of funded European ABS notes priced last month well surpassing the $8.2 billion that priced last April. A total of $61.8billion has already priced this year and April issues place Italian volumes at $3.9 billion equivalent. This is slightly ahead of the U.K. issuance recorded at approximately $3.7 billion.

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