AMWatch

From fried food to gym fees, it's all securitized now

Bankers are repackaging everything from fast food franchises to fitness-center fees into bonds at the fastest clip since the global financial crisis as investors chase yield and inflation protection.

Bankers are repackaging everything from fast food franchises to fitness-center fees into bonds at the fastest clip since the global financial crisis as investors chase yield and inflation protection. | Photo: Jonathan Bjerg Møller

This year's sales of US asset-backed securities (ABS) have already surpassed USD 300bn, according to data compiled by Bloomberg -- and more is expected by year-end.

Post-crisis issuance records have also been set in private-label commercial mortgage bonds and collateralized loan obligations, which are also seen accelerating.

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