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T-Mobile Postpones $561 Million Wireless Equipment ABS Offering

T-Mobile Postpones $561 Million Wireless Equipment ABS Offering

T-Mobile US Inc. is postponing its sale of more than $500 million in asset backed securities supported by wireless equipment plans, according to people familiar with the matter.The deal, which began premarketingBloomberg Terminal last week, was set to price this week, according to an earlier message to investors. T-Mobile’s postponement marks the first notable indication of stress in the ABS market following elevated volatility this week. A maelstrom of economic indicators showing slowing growth, weak earnings from technology companies and a rate hike from the Bank of Japan damaged broader markets and caused Wall Street’s fear gauge to spikeBloomberg Terminal…
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