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Home » Octane sees robust investor demand in third ABS deal of year

Octane sees robust investor demand in third ABS deal of year

$380M deal closed Oct. 5

Joey PizzolatobyJoey Pizzolato
October 17, 2023
in Capital & Funding, Powersports Finance News
Reading Time: 2 mins read
0

© Can Stock Photo / emaria

Octane Lending hit the asset-backed securities market for the third time this year amid strong investor demand and improving credit spreads. The $380 million deal closed Oct. 5 and was backed by consumer powersports receivables; it saw increased investor demand for its BBB-rated and BB-rated tranches, which were “multiple times oversubscribed” as issuance volume across […]

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