Securitization - European Archive

  • Markets must face up to new deadlines for Libor transition

    Markets must face up to new deadlines for Libor transition

    Banks should stop issuing loans and bonds linked to Libor by October, according to the Bank of England’s Working Group on Sterling Risk-Free Reference Rates. But the scale of the challenge facing firms, particularly in the loan market, is causing concern.

  • People moves in brief

    People moves in brief

    Ex-Goldman's Weber joins Middle East boutique — Giancarlo turns up at Federal Housing Finance Agency — Ferdane takes over coverage job at BNP Paribas

  • Sterling RMBS blowout as non-UK investors return to market

    Sterling RMBS blowout as non-UK investors return to market

    Issuers priced two sterling residential mortgage-backed securities (RMBS) deals this week, with Precise Mortgage Funding 2020–1B showing an unprecedented five times coverage on senior notes and up to 12 times on the mezzanine tranches, as overseas investors return to the sterling market.

  • Nouryon, Fluidra continue repricing trend in leveraged loans

    Nouryon, Fluidra continue repricing trend in leveraged loans

    Dutch chemicals giant Nouryon is attempting an elephantine repricing of a €5.6bn loan. Nouryon is following Spanish Fluidra, a pool manufacturer, which announced a €300m repricing on Tuesday, and UK-based data company Refinitiv, which set a more favourable price for its €2.33bn loan last week.

  • Röhm buyout loan returns to syndication

    Röhm buyout loan returns to syndication

    Advent’s buyout of German chemicals company’s Evonik’s acrylic unit last year is still haunting the leveraged loan market. The banks are relaunching syndication of €977m and $612m of term loan Bs, hoping that investors will find the credit more attractive this time around than when it was first syndicated.

  • Goldman brings first green CMBS deal to Europe

    Goldman brings first green CMBS deal to Europe

    Goldman Sachs is bringing River Green Finance 2020, the first European commercial mortgage-backed security (CMBS) of the year and the first in Europe to be marketed as green.

  • CrossLend to play into Capital Markets Union drive

    CrossLend to play into Capital Markets Union drive

    CrossLend’s securitization platform is designed to allow smaller firms to buy and sell debt portfolios more easily. It has been backed by Santander’s venture capital fund, which sees it as tapping into various trends in European capital markets.

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