.png){kind=logo}
GC Asia
-
People moves in brief
Amine leaves Credit Suisse — CIFC picks new research head
26 Mar 2020 -
CMBS double loan default bodes ill for UK shopping centres
A loan backing a post-crisis UK CMBS has suffered its second event of default (EOD) in 12 months, after being cured once. The Maroon Properties backing the deal saw a valuation decrease of £17.1m, triggering a loan to value covenant breach on Wednesday.
26 Mar 2020 -
Ex-IBCM head Amine leaves Credit Suisse
James 'Jim' Amine has left Credit Suisse, which has folded his private credit opportunities business into a different unit.
25 Mar 2020 -
UK lockdown could spring cash traps on £1bn of CMBS
Around £1bn worth of CMBS deals could be subject to cash traps, withholding payments to certain parties in the transaction, in coming months with the UK in lockdown to stop the spread of coronavirus.
24 Mar 2020 -
RMBS uncertainty builds as mortgage relief plans diverge
With the continent on lockdown, European countries are taking different approaches to granting borrowers relief from mortgage payments, putting RMBS deals across Europe in uncharted territory.
24 Mar 2020 -
World Bank pandemic bond still weeks away from trigger
The pandemic bond issued by the World Bank still has one more hurdle to clear before triggering and releasing funds for use by countries struggling with the coronavirus. But it will still take a couple of weeks at least to reach that point.
24 Mar 2020 -
Warehouse terms offer hard choice for ABS issuers
Warehouse terms are looking increasingly challenging for European securitization issuers as the Covid-19 shocks continue, with some less-established issuers feeling pressure to come to market while spreads are pushed wider and warehouse extensions become less economical.
23 Mar 2020 -
JP Morgan funds £200m UK bridging finance securitization
J.P Morgan has invested in a private securitization of up to £200m, backed by bridging loans originated by Glenhawk, a UK-based challenger lender.
19 Mar 2020 -
Citi traders step up to push Oodle deal through tough markets
Used car lender Oodle Car Finance opted to place its second-ever securitization with Citi's trading desk, locking in a bond exit which can be dribbled out to market, rather than extend its warehouse line.
18 Mar 2020 -
IBL Banca retains Italian consumer loan ABS
IBL Banca will fully retain its latest consumer loan securitization, the eighth issuance from the Marzio Finance series.
17 Mar 2020
