There was little pricing activity in the week, although this did nothing to deter new issues from hitting the pipeline.
Underwriters began showcasing Rubino Finance, the 61.5 million ($78.7 million) securitization of contributions owed by the Region of Sicily to some of its craft enterprises. HSBC is lead managing the deal. Rubino Finance is the region's third transaction backed by these types of receivables. The portfolio features one of the largest multi-seller securitizations to date, with more than 5,800 Sicilian small and medium size enterprises.