Latest News

  • Ghose aims to double Investcorp debt fund

    Investcorp, the Bahraini investment house, wants to more than double its leveraged credit portfolio to $25bn, after buying the global debt business from 3i.

    • 23 Mar 2017
  • Strong demand drives peripheral revival in European RMBS

    An Irish reperforming mortgage deal was sold by a Lone Star fund on Thursday, while Spanish issuer UCI mandated leads for a new prime RMBS deal as ABS investors continue to show demand for legacy and peripheral credit.

    • 23 Mar 2017
  • Spread tightening takes some shine off equipment ABS – investor roundtable

    Securitization pros at the Investors’ Conference on Equipment Finance in New York on Wednesday indicated that steady tightening of spreads across securitized assets is affecting the way some investors are approaching the equipment ABS sector.

    • 23 Mar 2017
  • Washington lacks muscle for major regulatory change

    Wall Street workers hoping for a regulatory sea change under president Donald Trump are going to have to adjust their expectations, as empty posts at all levels of government are set to hinder lasting reform.

    • 23 Mar 2017
  • Investors push back on tight CLO mezz debt

    Buyers of CLO mezzanine debt are pushing back against the rapid spread compression seen since since the start of the year, with activity over the past month showing a slowdown in the pace of tightening.

    • 22 Mar 2017
  • Post-election exuberance to fuel equipment performance in 2017, says panel

    An upbeat mood in the equipment sector since the presidential election should lead to a strong 2017 for the industry, with ABS volumes expected to keep pace with 2016 levels, said panelists at the Investors’ Conference on Equipment Finance held by ELFA and IMN on Wednesday.

    • 22 Mar 2017
  • Agos Ducato sees big demand for Italian consumer ABS

    Italian issuer Agos Ducato sold more notes in its latest Sunrise consumer loan deal this week than in previous offerings with the order book still being heavily oversubscribed by investors.

    • 22 Mar 2017
  • GMAC UK readies new auto ABS transaction

    GMAC UK is preparing its eighth UK auto ABS deal, backed by a £420m pool that has a higher proportion of personal contract purchase (PCP) agreements than earlier deals from the issuer.

    • 22 Mar 2017
  • Q&A – Tad Philipp, Moody’s Investors Service

    Tad Philipp, senior vice president and head of commercial real estate research at Moody’s, is set to retire next month, bidding farewell to an industry in which he has been one of the most visible figures.

    • 21 Mar 2017
  • Mexican mining company debuts ABS

    Compañía Minera Autlán, the largest producer of ferroalloys in Mexico, made its first foray into the ABS market with a deal backed by trade receivables.

    • 21 Mar 2017
  • SLABS set to swell despite policy turmoil

    Student loan ABS volume across the refinancing, private loan and Federal Family Education Program (FFELP) sectors is expected to surge past 2016 levels, even as political uncertainty casts a shadow over the market.

    • 21 Mar 2017
  • Securitization initiatives could replace wholesale GSE reform package

    Technical reforms of Fannie Mae and Freddie Mac, such as expanding agency credit risk transfer, could replace broader Congressional attempts to overhaul the government sponsored enterprises (GSEs), according to housing policy experts speaking at Moody's US Housing & Housing Finance Conference on Tuesday.

    • 21 Mar 2017
  • EU political risk could ease CLO squeeze

    Looming macro risks and political turmoil could weigh on loan prices, potentially easing the squeeze on CLO equity investors at the bottom of the capital structure, said analysts at Prytania Investment Advisors this week.

    • 21 Mar 2017
  • Cross River hires top Massachusetts bank regulator

    David Cotney, former commissioner of banks for the Massachusetts Division of Banks, has been tapped by Cross River Bank to join its board of directors.

    • 20 Mar 2017
  • Marlette prices latest deal tight even as firm preps layoffs

    Online personal loan platform Marlette Funding priced a marketplace loan ABS last Friday to strong demand, even as the company plans to reduce staff in order to boost profit.

    • 20 Mar 2017
  • Prime jumbo RMBS predictions jump

    RMBS market observers are updating their prime jumbo issuance predictions for 2017 on the expectation that more banks are looking to wade into the sector.

    • 20 Mar 2017
  • Spire Partners grinds CLO spreads to new tight levels

    Spire Partners set a new tight level for new issue European CLOs last Friday, as triple-A spreads continued to rally and spreads at the junior end of the capital stack also show signs of tightening.

    • 20 Mar 2017
  • Blackstone preps new Spanish RMBS

    Blackstone mandated banks last Friday to arrange a €400m securitization backed by re-performing Spanish mortgages that the private equity firm bought from CatalunyaCaixa in April 2015.

    • 20 Mar 2017
  • SoFi preps new ABS as company eyes $12bn in 2017 loan origination

    SoFi is back in the ABS market with a student loan refinancing deal, as the company eyes $12bn in new originations across market segments in 2017.

    • 16 Mar 2017
  • Volkswagen to follow Schuldschein with new French auto loan ABS

    Volkswagen is in the securitization market for the second time this month with a French auto loan deal, following closely behind a €900m Schuldschein deal that was aimed at gauging investor appetite ahead of an expected return to public unsecured debt markets.

    • 16 Mar 2017
  • Capital markets lose out as BoE hoovers up UK mortgage funding

    Rating agency DBRS outlined the sliding volumes of capital markets funding in the UK mortgage market on Thursday, estimating that Bank of England lending schemes have drawn over 30% of mortgage collateral away from public markets since the financial crisis.

    • 16 Mar 2017
  • Former Moody’s exec files suit claiming gender bias, whistleblower retaliation

    A former vice president in the CMBS group at Moody’s has filed a lawsuit against the rating agency, claiming she was the target of gender discrimination and was ultimately fired in retaliation for bringing to light illegal ratings activity.

    • 15 Mar 2017
  • Navient prices rehabbed FFELP ABS deal

    Student loan servicer Navient priced its second Federal Family Education Loan Program (FFELP) student loan ABS of 2017 on Thursday.

    • 15 Mar 2017
  • Valeant loan investors steadfast despite Ackman sell-off

    Leveraged debt investors are not quite ready to retreat from their position in Canadian drug maker Valeant Pharmaceuticals, despite long-term advocate Bill Ackman abandoning his holding in the company on Monday.

    • 15 Mar 2017
  • Funding Circle ABS performance drives ratings upgrades

    The first securitization of marketplace loans in the European ABS market — Funding Circle's SBOLT 2016-1 — is performing above expectations, said Moody’s on Monday, announcing the upgrade of four tranches of the deal.

    • 15 Mar 2017

More Securitization

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%