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Stefano Sola |
Stefano Sola, cio at JG Wentworth, a Bryn Mawr, Pa.-based firm that has issued about $2.5 billion in asset-backed securities, talked with reporter Amelia Granger about the sponsor's latest securitization, a $115 million deal backed by a pool of lump sum legal settlements and insurance company annuities. Sola discussed the timing of the launch, investor appetite returning to the asset class and the firm's plans to return to regular, quarterly issuances. Here's the rest of the conversation:
What can you tell me about the timing of your latest deal? Why did J.G. Wentworth see this as the best time to tap the market?
After completing our $252 million ABS transaction in April, we monitored the capital markets to assess opportunities to tap the markets again. In this period there were a number of interesting factors playing out in the markets. Initially during ....