Volkswagen and Barclays stand alone in ABS pipeline

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Volkswagen and Barclays stand alone in ABS pipeline

Issue: 1243 - 24 February 2012

Clydesdale Bank’s privately placed Lanark 2012-1 RMBS was the extent of primary ABS issuance this week. Looking ahead, Barclays is set to launch its Gracechurch Cards deal next week, and Volkswagen has mandated for VCL 15 — its first euro issue of the year. But apart from these two market stalwarts, the pipeline remains light with some bankers blaming the strong covered bond market. ..

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