With Christmas week looming closer, more European ABS deals will likely fall into next year's line-up. It won't only be the pipeline bustling in 2003, however; analysts expect to see a number of ongoing trends take hold as well, said analysts.
Over the past weeks, a number of transactions have had to postpone active marketing. A E1.2 billion Italian real estate and equipment deal was the latest deal to postpone its issuance until sometime in January, said market sources. Separately, Bankinter announced its fifth transaction, but market analysts expect that bank will retain the senior class bonds due to current conditions. It's unlikely that the notes would do as well as the previous transaction from Bankinter. That deal, which priced in September, priced class A notes at 22 basis points over Euribor.