Unlocking ABS value

Once seen as a safe but uninspiring investment option, the asset-backed securities market is now hitting new heights in terms of volume, issue size and innovative deal structures. In the face of tough credit market conditions, issuers and investors are discovering hidden value in ABS. Sara-Louise Boyes looks at what the market has to offer.

coverstory2-feb02-gif
Debt was once viewed as equity’s duller cousin and up until recently many investors looked upon asset-backed securities (ABS) as the maiden aunt of debt asset classes. Steady, reliable, but, frankly, not the life and soul of the party.

However, the attractions of the market have been increasing year by year and investors are giving ABS a second look. The issues are coming thick and fast, topping €125 billion in 2001 – a record for the European market – almost doubling the previous year’s total of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here