The European securitization market saw three recent issuances, including a £4 billion residential mortgage-backed securities deal from Lloyds Banking Group. "This initial return to the market by some of the best-recognized names in the European securitization primary market, which follows a recent compression in spreads, is a positive initial step in the right direction," said Rick Watson, managing director and head of the European Securitisation Forum, an affiliate of SIFMA. "As recently stated by a number of public institutions, it is important to recognize the many benefits associated with sound securitization." Read ESF's news release.
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