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The business of packaging credit card debt into ABS is a hot one again, as near-record low...

The business of packaging credit card debt into ABS is a hot one again, as near-record low delinquencies combines with investor demand for yield. Spreads between the paper and Treasurys have narrowed to about the levels seen at the peak of last cycle's great credit boom. Capital One (COF) is the latest, hawking $750M of packaged debt to investors.
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  • SoldHigh
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    (The FT link is useless unless you already have an account at FT)

     

    That said, I presume the jist of it is collateralizing credit card debt since that worked so well with the housing market, right? <g>
    23 Jan 2013, 03:22 PM Reply Like
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