Joy Wiltermuth is a reporter at IFR, where she writes about the securitisation market. In the past five years, she has written about new types of mortgage bond deals hatched since as financial crisis, litigation and regulation. She was previously a reporter for Debtwire in New York and also worked for Institutional Investor.
Capital One’s US$3bn credit card trade was the biggest ABS deal in a massive US$12.5bn week for primary deal flow.
Investors snapped up US$12.5bn of new asset-backed supply this week, chalking up a big win for the sector in its busiest period of the year.
Big-name automakers led a huge slate of around US$8.5bn in new asset-backed bond deals on Monday, kicking off what is expected to be the busiest week of the quarter.