ABS issuance showed no signs of slowing down heading into the final three weeks of 2000. Home-equity led the week, with four deals pricing. In all, by press time nine deals totaling over $4.7 billion had priced, with at least another seven totaling over $3 billion in the pipeline.
"I can't say I'm surprised by it," said Alex Roever, head of ABS research at Banc One Capital Markets. "We personally at Banc One were expecting an active December, and I think we got it."