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GC Asia
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Goldman, BofA take most of mammoth mortgage bond bidlist
Cerberus Capital Management drew strong demand for its 48-line item bidlist of mezzanine mortgage bonds on Thursday, with winning bids for most of the bonds in the nearly day-long sale going to Goldman Sachs and Bank of America, sources tell GlobalCapital.
23 Oct 2020 -
Window closing for euro ABS primary
Most euro ABS issuers are holding off on new deals until the results of upcoming US presidential election, according to sources, with about only a one month window of opportunity in November between the election and intensifying Brexit headline risk.
22 Oct 2020 -
Loss mitigation loans make their way into euro CLOs
A common feature of the US CLO market known as the loss mitigation loan has begun to make its way into European deals for the first time, continuing the trend of European managers borrowing features from US peers to deal with the effects of the Covid-19 crisis.
21 Oct 2020 -
Janus Henderson launches new ABS fund
Janus Henderson Investors has launched a new ABS fund, named the Janus Henderson Asset-Backed Fund, to be offered to institutional investors in a UCITS structure.
21 Oct 2020 -
Mercedes announces first French Silver Arrow auto ABS
Mercedes-Benz has mandated banks led by sole arranger Société Générale for a new Silver Arrow auto ABS, the first in the shelf collateralised by French loans.
19 Oct 2020 -
Intesa Sanpaolo completes €2bn SME risk transfer with EIB
Intesa Sanpaolo has issued a €2bn risk transfer securitization to help fund Italian SMEs, boosted by an investment from the EIB and the EIF.
19 Oct 2020 -
EIB boosts SRT investment commitment by €1bn
The newly established European Guarantee Fund has greenlit a further €1bn lending for risk sharing products, allowing the EIB to continue investing in significant risk transfer (SRT) transactions to support European SMEs.
16 Oct 2020 -
Santander increases mammoth German consumer ABS after demand surge
Santander Consumer Bank has increased its debut public German consumer ABS from €1.4bn to €1.8bn after the deal saw huge demand, making it one of the largest public securitizations in Europe this year.
15 Oct 2020 -
PE firm Exponent brings first UK non-conforming RMBS
Exponent, the UK private equity fund that owns online greeting company Moonpig, the Racing Post and Big Bus Tours, is bringing its debut non-conforming UK RMBS to market.
15 Oct 2020 -
Domivest brings second Dutch RMBS of 2020
Cervus-backed Dutch lender Domivest is bringing its second deal of the year, Domi 2020-2, a €272m RMBS offering five tranches and listing three others as “call desk.”
09 Oct 2020
