Securitization - Article Archive

  • CLO credit quality slipping, as issuance volume soars

    Credit quality in new issue CLOs is sliding, according to Moody’s Investors Service, as managers continue to churn out deals despite difficulties sourcing loan collateral.

    • 31 Aug 2017
  • Harvey takes its toll on ABS, Kroll says

    Damage from Hurricane Harvey could impact payments and collateral valuations for a range of consumer ABS assets, but it could be years before the extent of the damage is known, say analysts at Kroll Bond Rating Agency.

    • 31 Aug 2017
  • Sustainable and Responsible Capital Markets Awards: the Nominations

    GlobalCapital is happy to announce the nominations for its Sustainable and Responsible Capital Markets Awards 2017.

    • 31 Aug 2017
  • Portuguese NPL deal set, but past missteps could dent demand

    The first Portuguese non-performing loan (NPL) securitization is set to hit the market in the autumn, but some buyers say the deal could be a tough sell given the recent history of Portuguese banks.

    • 31 Aug 2017
  • Hurricanes and capital markets: cat bonds in focus after Harvey

    In a week that has seen Hurricane Harvey wreak havoc in Texas and monsoon rains cause devastation in south Asia, insurance-linked securities and their role in rebuilding economies have come sharply into focus.

    • 31 Aug 2017
  • Regs shaping millennials' approach to consumer debt

    Post-crisis financial regulations and stricter lending requirements are shaping the way millennials obtain and deal with credit, with the effects being felt in US mortgage and consumer debt markets.

    • 30 Aug 2017
  • Hurricane affected CMBS deal prepped

    A new $2.1bn single borrower CMBS deal, backed partly by Texas motel properties affected by Hurricane Harvey, is being lined up for sale.

    • 30 Aug 2017
  • Jump in Dutch home prices drives fears of overheating

    Dutch residential property prices jumped quarter over quarter and year over year, according to the latest report from Calcasa, spurring talk in the market that property prices may be close to overheating.

    • 30 Aug 2017
  • Tikehau preps September CLO comeback

    Tikehau Capital Management is preparing to hit the post-August pipeline with a new CLO, its third European offering.

    • 30 Aug 2017
  • VW starts engine for year’s second ABS

    Volkswagen Finance (China) is preparing to hit the securitization market for the second time this year, only three months after its last transaction. But while the new deal retains some of the key features from VW’s last one, it will be notably smaller, raising only Rmb3.66bn ($554m).

    • 30 Aug 2017
  • OneMain prices subprime consumer ABS

    OneMain Financial sold a subprime consumer loan ABS this week, boosting the transaction size to $947.37m before pricing the bonds on Tuesday.

    • 29 Aug 2017
  • Non-bank cash eases CMBS refinancing wave

    An influx of cash from alternative lenders and foreign capital has helped the CMBS market negotiate a wave of maturing pre-crisis CMBS debt, with even weaker loans showing stronger performance in July, according to Morningstar analysts.

    • 29 Aug 2017
  • Consumer lenders need to embrace alternative data

    A move by Ford Credit to incorporate alternative data into its underwriting process will open up opportunities for underserved borrowers. More consumer lenders should follow suit if they want to reach, and more accurately assess, a growing segment of US consumers.

    • 29 Aug 2017
  • Draghi right to defend free trade, but should concentrate on the day job

    Mario Draghi’s speech at Jackson Hole last week was never going to be earth-shattering but his complete silence on the issue of tapering the bank’s various asset purchase programmes managed to frustrate the market even more than had been expected.

    • 29 Aug 2017
  • European corporate lending jumps in July

    European banks originated €24bn of loans to corporations across the continent in July, up from €9bn in June according to figures from the European Central Bank, with ABN Amro adding that the figure is set to increase through to 2018.

    • 29 Aug 2017
  • Issuers prep UK auto deals as PCP loan concerns dissipate

    VW Financial Services and Santander Consumer Bank have mandated UK-backed auto ABS transactions, as the market brushes off the noise about the proliferation of personal contract purchase loans (PCP) in the UK auto sector.

    • 29 Aug 2017
  • Kulas departs from Santander Consumer USA

    Santander Consumer USA chief executive Jason Kulas departed last week to “pursue other opportunities”, the company said on Monday.

    • 28 Aug 2017
  • Hurricane Harvey throws spotlight on $8.9bn of CMBS

    The extent of the damage caused by Hurricane Harvey is not yet known, but on Monday Morgan Stanley analysts highlighted $8.9bn of CMBS loans exposed to the affected Houston area.

    • 28 Aug 2017
  • Delinquencies climb in refis, drop in private SLABS

    The number of refinanced student loans backing ABS that are more than 60 days delinquent increased in the last quarter while private SLABS saw a 1.82% decline in the same period, with refinancing deferments expected to increase as lenders target undergraduate borrowers.

    • 28 Aug 2017
  • CS boosts European CLO desk

    Credit Suisse has hired a BNP Paribas CLO structurer for its London-based European origination team.

    • 28 Aug 2017
  • $1.1bn of cat bonds in path of Texas hurricane

    As Hurricane Harvey barrels towards Texas, investors are at risk of losing up to $1.1bn through two Texas catastrophe bonds issued in 2015 and 2017.

    • 25 Aug 2017
  • RMB round-up: Saudi Arabia considers Panda debut, China rolls over Rmb600bn, Li Keqiang pushes for deleveraging

    Saudi Arabia considers issuing its first Panda bond, Ministry of Finance (MoF) plans to roll over Rmb600bn ($90.1bn) of debt by issuing special treasury bonds, and the Chinese premier piles pressure on state-owned enterprises (SOEs) directly owned by the State Council to deleverage more rapidly.

    • 25 Aug 2017
  • Auto, consumer ABS deals hit late summer pipeline

    The primary US ABS market is seeing activity despite the seasonal slump in issuance, with deals from GM Financial, American Credit Acceptance and OneMain Financial moving through the pipeline.

    • 24 Aug 2017
  • Gradual wind down of ABSPP most likely scenario, says Rabobank

    The European Central Bank will likely pursue a gradual wind down of its Asset Backed Securities Purchase Programme (ABSPP), sticking around as a buyer of ABS until 2019, Rabobank analysts write this week.

    • 24 Aug 2017
  • UK online lenders leave P2P behind as funding diversifies

    Online lenders in the UK are accelerating the move away from the peer to peer model of the early days of the market, following similar moves by US counterparts as lenders tap funds from a range of sources in 2017.

    • 24 Aug 2017
  • Peugeot Citroën’s JV takes local route in ABS race

    Dongfeng Peugeot Citroën Auto Finance sealed a single tranche Rmb3bn ($451m) ABS deal on August 22, just five days after Bond Connect investors tapped the asset class for the first time. But the originator showed little interest in seducing the newcomers and stuck with the local investor base instead.

    • 24 Aug 2017
  • Fintech disruption greatly exaggerated: WEF

    Fintech companies have changed “the basis of competition” in financial services, but have not greatly disrupted the businesses of larger incumbents, the World Economic Forum (WEF) said in a report this week.

    • 23 Aug 2017
  • NY Fed puts auto, student loans in spotlight as debt spikes

    Auto and student loans have seen increases in early delinquencies this year, while overall household debt has surged past its recession peak, according to a quarterly report published by the New York Federal Reserve this month.

    • 23 Aug 2017
  • Investors scramble for paper as European CLO supply dries up

    A lack of supply in the European CLO market this summer has left investors desperate to source bonds, with the few deals moving through the pipeline seeing heavy oversubscription and tight spreads.

    • 23 Aug 2017
  • Provident woes not a sign of UK consumer debt crash

    The collections issues at consumer lender Provident Financial have provoked a wave of headlines in the UK about an impending crisis in the consumer credit sector, but ABS market sources feel the problems at the company are idiosyncratic rather than a sign of wider market decline.

    • 23 Aug 2017
  • 'Deep subprime' issuers driving up auto delinquencies

    An increase in the number of auto loans made to lower quality borrowers has been a key driver in the rise of delinquencies and net loss rates for the sector, according to a report from Kroll Bond Rating Agency on Tuesday.

    • 22 Aug 2017
  • US CLO volume booms in August as refinancings slow

    US CLO managers have flooded the market with new paper in August, as the wave of refinancing subsides and a lack of opportunities in the secondary market unleashes investor demand for new deals.

    • 22 Aug 2017
  • ECB tapering on the sly

    A reduction in the amount of bonds being purchased in the ECB’s ABS Purchase Programme shows that the ECB has been on a path to tapering in the asset class, even before it has been officially announced.

    • 22 Aug 2017
  • Higher quality ABS issuance driving European market

    Issuance of higher quality European ABS is fuelling strong technicals, which are underpinning the market in 2017, TwentyFour Asset Management said this week.

    • 22 Aug 2017
  • UBS prices CMBS as market pushes through summer

    UBS priced a conduit CMBS transaction at the end of last week, as the sector barrels through the tail end of summer into what is predicted to be a very busy quarter end.

    • 21 Aug 2017
  • US ABS primary slows but secondary sees action

    The US ABS market is putting the brakes on as August winds down, but while the primary market quiets, observers say investors are stepping into the secondary market to look for opportunities.

    • 21 Aug 2017
  • CFPB flags mounting student loan debt for older borrowers

    The Consumer Financial Protection Bureau (CFPB) this month highlighted the rise in student loan debt for consumers over the age of 60, while the percentage of borrowers with at least $20,000 has doubled from 15 years ago to 40%.

    • 21 Aug 2017
  • ABS pipeline empties as summer winds down

    The European ABS primary market has quieted as summer goes into the home stretch, with little for investors to sink their teeth into, though secondary activity has remained upbeat in the meantime.

    • 21 Aug 2017
  • German issuer closes private SME ABS with EIF

    An ABS transaction backed by leases made to small and medium sized enterprises (SMEs) originated by abcfinance GMBH closed at the end of last week, with the European Investment Fund participating in the offering.

    • 21 Aug 2017
  • Stada buyout prescription finally shows results

    Bain Capital and Cinven's €5.3bn buyout of German pharmaceuticals maker Stada went through this week, the firm announced on Friday, after a tense build up to Wednesday's midnight deadline, with the 63% shareholder acceptance threshold only just being reached.

    • 18 Aug 2017
  • Bond Connect investors test drive Ford China ABS

    Ford Automotive Finance (China) has pulled off an impressive return to China’s auto ABS market. The company raised an eye-catching Rmb3.46bn ($518.4m) from its latest deal — and brought in the first crop of foreign investors tapping Chinese ABS through Bond Connect.

    • 18 Aug 2017
  • RMB round-up: China adds perks to lure foreign investors, advisor says PBoC won’t follow Fed hike, MofCom hits back at Trump’s IP investigation

    The State Council publishes a series of policies to attract foreign investment, a People’s Bank of China (PBoC) advisor said China will unlikely follow the Federal Reserve in hiking rates this year, and the Ministry of Commerce (MofCom) criticises an US investigation into intellectual property rights in China.

    • 18 Aug 2017
  • Fitch puts bonds from retail heavy CMBS deal on watch for downgrade

    Fitch Ratings put two classes of a 2012 CMBS deal from Deutsche Bank on rating watch negative on Thursday, citing heavy concentration of retail property loans and increased loss expectations for some of the largest loans in the deal.

    • 17 Aug 2017
  • Aircraft ABS opportunities lacking as issuers eye other sources of funds

    Investors looking to wade deeper into aircraft ABS have bemoaned insufficient deal flow, while the pipeline slows to a trickle as issuers begin to look beyond securitization for funding.

    • 17 Aug 2017
  • True sale confusion could put brakes on CMBS

    A clash over the accounting treatment of risk retention notes has thrown the US CMBS market into flux, with uncertainty over the issue throwing into question the capital treatment and profitability of certain CMBS deals issued since the rule went into effect last year. David Bell reports.

    • 17 Aug 2017
  • National Bank of Greece hires HSBC’s Karamouzis as head of CIB

    National Bank of Greece has hired former HSBC banker Vassilis Karamouzis as head of corporate and investment banking.

    • 17 Aug 2017
  • Eurobank nears landmark Greek NPL sale

    Final bids are due by the end of the month for a landmark €2.8bn transaction in the resurgent Greek non-performing loans market, as banks from the country rush to meet European targets to clean up their balance sheets.

    • 17 Aug 2017
  • Personal loans scarier than autos, say investors

    Over the course of the summer the Bank of England and much of the media has been anxious about the growth of the UK auto lending sector, but ABS market participants say the worries are focused on the wrong sort of consumer finance.

    • 17 Aug 2017
  • Widening loan spreads drive hope for new euro CLOs

    Fresh supply of European leveraged loans has led to softening prices, creating opportunities for CLO managers to form new deals and bringing new investors, including Japanese buyers, into the market.

    • 17 Aug 2017
  • Peugeot Citroën readies second ABS outing

    Peugeot Citroën’s joint venture in China is set to return to the China ABS market after a year away. The auto maker will offer investors only one tranche, down from the two tranches in its 2016 debut, but the deal size will triple to Rmb3bn ($449.8m).

    • 17 Aug 2017
  • Fed split on wind down, flags multifamily risk

    Members of the Federal Open Market Committee (FOMC) in July were divided on when to start winding down the Federal Reserve’s balance sheet, according to meeting minutes, with some members also warning on price appreciation in the multifamily real estate market.

    • 16 Aug 2017
  • PayPal expands biz lending, eyes third-party financing

    PayPal broadened its small business lending effort this month with the acquisition of online small business lender Swift Capital, while a spokesperson for the company told GlobalCapital that it could pursue “third-party financing structures in the future”.

    • 16 Aug 2017
  • Lev loan market prepares for more retail asset stripping

    The number of highly leveraged retailers including clauses in loans that allow them to strip out valuable collateral into separate subsidiaries, out of reach of secured lenders, has reached “extreme” levels, according to loan market sources.

    • 16 Aug 2017
  • Irish reforms provide road map for Italian NPL problems

    Italy and its mountain of bad debt are firmly in focus for the European banking system, with observers hoping the country can look to other European nations, particularly Ireland, for a solution to its non-performing loan dilemma.

    • 16 Aug 2017
  • Elan wraps auction for Dutch prime RMBS

    Elan Woninghypotheken has sold its latest Dutch RMBS deal using a modified auction process for all tranches except the senior notes, making it the third ABS issuer to go this route this year.

    • 16 Aug 2017
  • Peugeot Citroën’s JV starts engine for second ABS outing

    Peugeot Citroën’s joint venture in China is coming back to the ABS market on August 22 after a year-long absence. The automaker will approach investors with only one tranche, trimming from the two tranches offered on its debut. But that will not impact the size — the originator plans to triple its fund-raising with a Rmb3bn ($449.8m) offer.

    • 16 Aug 2017
  • Buyers await covered bond supply surge ahead of ECB

    Investors expect more core covered bond borrowers to follow Muenchener Hypothekenbank and price deals ahead of the next European Central Bank meeting on September 7.

    • 16 Aug 2017
  • The lowdown: China ABS market report

    China Central Depository and Clearing (CCDC) published its biannual report on China’s asset backed securitization (ABS) market on August 8. It recommended regulators loosen up liquidity, provide incentives to attract more participants, and test the waters by opening an offshore ABS market. Here’s a quick guide to what CCDC said.

    • 16 Aug 2017
  • Sky prices inaugural aircraft ABS transaction

    Sky Aviation Leasing International priced its first ever ABS offering this week, issuing a transaction backed by newer aircraft collateral, bucking the trend of previous deals backed by mid to older life aircraft.

    • 15 Aug 2017
  • Allen & Overy boosts US securitization team with Ashurst hires

    The New York office of Allen & Overy has hired a CLO-focused partner as well as four associates from Ashurst, building on recent hires in the high yield and leveraged finance practices.

    • 15 Aug 2017
  • Greystone adds two in originations push

    US private label and agency CMBS lender Greystone has hired two managing directors in its loan origination business, as the company eyes a pickup in activity in the CMBS market.

    • 15 Aug 2017
  • Moody’s dampens fears of US retail woes

    Moody’s said on Tuesday that the struggling US retail sector would have only a limited impact on structured finance asset classes, with only narrow areas of the market likely to face distress.

    • 15 Aug 2017
  • UK risks severe harm to City in Brexit services silence

    Despite making up 80% of the UK's GDP, services are being left out of the loop in the confusion surrounding the country’s potential exit from the European Union and the recent focus on the Customs Union.

    • 15 Aug 2017
  • EU self-cert ban 'a solution looking for a problem'

    The European Union's ban on securitizing self-certified residential loans has been widely criticised by the market since being introduced last month, with DBRS adding to the outcry this week, describing the rule as a “solution looking for a problem”.

    • 15 Aug 2017
  • North Korea fears prompt euro CLO trading spike

    The prospect of nuclear conflict between the US and North Korea led to increased trading of CLO mezzanine debt in the secondary market, but the market recovered quickly this week as fears receded.

    • 15 Aug 2017
  • Triton rushes back to ABS market

    Triton Container Finance is back in the ABS market, hot on the heals of a deal it priced in June, as sentiment stays upbeat for global trade and the shipping container industry.

    • 14 Aug 2017
  • Heavy demand, ease of risk retention open US CLO floodgates

    A wave of new US CLOs have been priced in the last week, with a slew of managers, some of whom have been long absent from the primary market, taking advantage of easy risk retention financing and heavy demand from debt investors to push deals through the pipeline.

    • 14 Aug 2017
  • Headwinds for UK used car prices cause for ABS concern

    Analysts at Bank of America Merrill Lynch have highlighted the growing risks in the UK auto ABS sector, due to high exposure to residual used car values and the regulatory pressures weighing on used car prices.

    • 14 Aug 2017
  • Pan-Baltic covered bond law in the works

    The finance ministries of Lithuania, Latvia and Estonia are joining forces under the auspices of the European Commission (EC) to develop pan-Baltic covered bond and securitization legal frameworks.

    • 14 Aug 2017
  • Updated: Ford China hits the road for bigger auto ABS

    Ford Automotive Finance (China) is gearing up for its second auto loan ABS transaction of the year in China, with bookbuilding slated for August 17. The carmaker is hoping to take home Rmb4bn ($600.2m) from the deal — a larger size than its last trade.

    • 11 Aug 2017
  • Blackstone and Starwood set to merge single family rental portfolios

    The Blackstone Group’s Invitation Homes will merge its single family rental portfolio with Starwood Waypoint Homes, in a deal that will create the largest SFR portfolio in the US.

    • 10 Aug 2017
  • Fannie Mae sells first green CMBS after rapid loan growth

    "Exponential" growth in energy efficient commercial mortgage lending has prompted a debut green CMBS deal from government sponsored enterprise Fannie Mae, as it looks to expand its green multifamily financing programme further into solar and other energy efficient assets.

    • 10 Aug 2017
  • Investors circle Greek servicers as NPL momentum builds

    Private equity firms and loan investors are taking a keen interest in Greece, prompting a rush to establish servicing platforms to take advantage of the attractive fees associated with the resolution of non-performing loans. Owen Sanderson and Sam Kerr report.

    • 10 Aug 2017
  • The crisis 10 years on: liquidity still the problem

    We are now a decade on from the start of the global financial crisis, the event that has defined public perception towards finance and the rules and regulations which govern it. It is still misunderstood.

    • 10 Aug 2017
  • Commercial real estate CLOs heat up

    A new CLO backed by commercial real estate loans has been priced this week, with spreads grinding tighter as investors snap up floating rate real estate debt.

    • 09 Aug 2017
  • CAN Capital online loan ABS hit with downgrades

    The subordinate notes from online small business lender CAN Capital’s sole securitization, which was priced in 2014, were downgraded on Tuesday by DBRS amid fears over its ability to absorb expected losses.

    • 09 Aug 2017
  • UK ABS investors lay low in August, but prep September comeback

    The UK ABS market has slowed with the rest of Europe in August, with fewer investors participating in recent deals. But sources said September is primed for a strong comeback.

    • 09 Aug 2017
  • A decade after BNP Paribas fund freeze, liquidity still haunts ABS

    BNP Paribas froze three hedge funds that had invested in subprime mortgages on August 9, 2007. Widely regarded as one of the opening events of the global financial crisis, it stands as a grim reminder and a warning to the market of what can happen when liquidity collapses.

    • 09 Aug 2017
  • North Korea-US stand-off concerns FIG market

    Financial indices widened on Wednesday morning as investors saw bellicose rhetoric between North Korea and the United States as heightening risk.

    • 09 Aug 2017
  • BMW China seals second ABS of 2017

    BMW Automotive Finance (China) Co has tapped China’s auto loan asset-backed securities (ABS) market for the second time this year. The German carmaker bagged Rmb4bn ($595.4m) on August 8, less than a week after another foreign automaker, Nissan’s China joint venture, hit the market.

    • 09 Aug 2017
  • JP Morgan lines up new prime jumbo RMBS deal

    Attractive arbitrage is encouraging more prime jumbo RMBS issuance, with JP Morgan set to launch a new $1bn deal this week.

    • 08 Aug 2017
  • ABS allocations show UK already stands apart from Europe

    Despite UK assets offering juicier spreads than their European counterparts, distribution stats show little European investor participation in UK deals. That might be disappointing for UK issuers, but at least it means little to fear from a hard Brexit.

    • 08 Aug 2017
  • Carlyle readies CLO refi in sleepy August

    The CLO sector has quieted down with the rest of the securitization market in August, with a refinancing of a 2015 deal from Carlyle Group among the only offerings on the horizon for the month.

    • 08 Aug 2017
  • Environmental risk management: a must for banks, says PBOC expert

    One of the most promising vehicles for moving the financial system on to a greener path – risk management – is gathering momentum.

    • 07 Aug 2017
  • Sky makes ABS debut

    Sky Aviation Leasing International is marketing a debut aircraft securitization, as deal volume for the sector this year inches closer to topping 2016 issuance levels.

    • 07 Aug 2017
  • CMBS pipeline full as lending surges despite non-bank appetite

    The US CMBS market is showing no signs of a summer slowdown, with two more conduit deals emerging on Monday and data showing that CMBS loan origination is up 168% year on year despite increasing challenges from non-bank capital.

    • 07 Aug 2017
  • CIFC hires new COO, eyes global expansion

    US private debt manager CIFC Asset Management has hired John DiRocco as chief operating officer, as the firm plans to expand its investment product offerings in the US and overseas.

    • 07 Aug 2017
  • EU ABS slows for summer as pipeline empties

    The European ABS market is entering into its seasonal summer quiet period, with the pipeline slowing to a trickle after a number of new transactions were priced last week.

    • 07 Aug 2017
  • Market cheers end of Term Funding Scheme in 2018

    UK ABS market participants cheered last week’s confirmation from the Bank of England that its Term Funding Scheme (TFS) will wrap up in February 2018, but opinion in the market is that the programme should not have gone on that long to begin with.

    • 07 Aug 2017
  • World Bank and Mexico team up on catastrophe bonds

    The World Bank has issued $360m of catastrophe bonds that provide insurance protection for Mexico in the event of three natural disasters.

    • 04 Aug 2017
  • RMB round-up: Two state banks hire new chairmen, BOCHK AM receives first QFII quotas, China restricts SOE overseas investment

    Bank of China and China Construction Bank have picked new chairmen, BOC’s asset management arm received its first batch of qualified foreign institutional investor (QFII) quotas, and the Ministry of Finance published new guidelines to restrict foreign investments by state-owned enterprises.

    • 04 Aug 2017
  • CMBS revival spurs CRE lending surge

    Commercial real estate services firm CBRE said on Wednesday that a spark of CMBS issuance in the second quarter of 2017 had accelerated lending growth in the market.

    • 03 Aug 2017
  • Prosper prints tighter despite riskier loans

    Less pristine collateral backing online consumer lender Prosper’s second multi-seller securitization did not dent demand for the bonds, which the lender priced tighter than its last deal sold in May.

    • 03 Aug 2017
  • Flagstar hires Fannie Mae veteran to lead mortgage biz

    A former senior vice president at government mortgage agency Fannie Mae has joined Flagstar Bank to lead its mortgage business.

    • 03 Aug 2017
  • Hunt Mortgage Group makes CRE hire

    Hunt Mortgage Group has hired the former head of CMBS underwriting at JP Morgan as chief credit officer for commercial real estate.

    • 03 Aug 2017
  • ABS market frets over UK economy as BoE holds

    The UK ABS market is keeping a close eye on the domestic economy as the Bank of England held rates firm at 25bp on Thursday and warned of a sluggish outlook for country. Sam Kerr reports.

    • 03 Aug 2017
  • Hopes rise of fix for EU's securitization mistake

    The last minute decision on the part of European Union regulators to introduce a potentially devastating rule to EU securitzation regulation was greeted with disbelief by market pros last month. But sources say that there are still a number of ways the mistake can be fixed.

    • 03 Aug 2017
  • China auto ABS picks up the pace

    Chinese investors have become increasingly focused on short-dated bonds this year. That is proving to be a boon for the country’s auto ABS originators, who are in the middle of a breakneck expansion of volumes — with plenty more still on the cards. Noah Sin reports.

    • 03 Aug 2017
  • Loan supply easing sparks CLO splurge

    One of the biggest challenges for CLO managers is easing up as the volume of new leveraged loans starts to increase, putting the brakes on a long rally in loan prices and sparking a flurry of deals.

    • 03 Aug 2017
  • DLA Piper loses esoteric ABS guru

    Ronald Borod, Boston-based senior counsel at DLA Piper, is leaving the firm this month to pursue impact investing and securitization advisory services.

    • 02 Aug 2017