Though it's still a mere trickle of activity compared to previous years, the European market saw a few deals price last week, and judging by the spreads, sources say there appears to be an unsatiated buyside hunger for ABS paper.

The Italian lease receivables, Leimpresa Finance S.r.l, priced its EURO669.9 million transaction last week, issued to investors in two tranches of floating-rate notes. The triple-A notes priced at +33 basis points over the three-month Euribor, demonstrating tighter levels than the comparable Secureseal Series 2 issue that was in the market last month. At press time the Class B notes had not priced.

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