Further evidence of the buyside's fearlessness about Y2K may spur credit-card issuer Metris Co. to issue an asset-backed deal in the fourth quarter, as the St. Louis-based company has recently received several reverse inquiries from investors with money to spend.

Paul Runice, treasurer at Metris, said good market technicals and a need among ABS investors to put money to work before the new year has got Metris mulling an issuance before year-end, though the company is sufficiently funded to forgo pricing a deal in the fourth quarter.

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.