Verizon's $1.6bn cell phone ABS finds strong reception

David Bell

October 02, 2018 08:15 PM

Verizon Store — A Verizon Wireless store in New York on Wednesday, April 26, 2017. Verizon recently reported its first-ever loss of subscribers during the first-quarter as consumers left for other carriers. (Photo by Richard B. Levine) *** Please Use Credit from Credit Field *** | Richard B. Levine/SIPA USA/PA Images

Verizon priced its seventh mobile device payment plan ABS deal on Tuesday, with the issuer benefiting from better treatment from rating agencies, which allowed it to lower the credit enhancement in the structure.

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Topics

TD Securities ABS Securitization Bank of America United States Americas Citi North America

DB

David Bell