ABS

  • Wave of consolidation to strengthen PACE securitization

    Wave of consolidation to strengthen PACE securitization

    Property Assessed Clean Energy (PACE) lenders are starting to hear rumblings of consolidation in the industry, a sign of a maturing industry. The mergers and acquisitions are expected to leave a smaller number of stronger national players to roam the market.

  • Opportunities abound in container ABS after booming 2020

    Container ABS thrived last year, setting a new issuance record after two decades. Several factors are working in favor of container ABS this year as well, including increased consumption of goods and an opportunity for containers to be used in vaccine distribution.

  • ABS issuers bet investors will keep binging

    ABS issuers bet investors will keep binging

    New deals are flooding into the European securitization market, especially the UK, in the last week of January after two RMBS issues attracted unprecedented demand. Issuers are betting investors remain hungry for structured products, despite national lockdowns.

  • New CFPB leader may have 'deleterious' impact on ABS market

    New CFPB leader may have 'deleterious' impact on ABS market

    Rohit Chopra has been named the director of the Consumer Financial Protection Bureau, putting an end to three years of deregulation and kicking off an era of aggressive consumer protection. The ABS market is keeping a close eye on Chopra’s key plans, which include restoring the bureau’s ability to start its own investigations and establishing a new credit reporting agency.

  • Energy firms facing insolvency bank on ABS

    Energy firms facing insolvency bank on ABS

    Securitization is emerging as the last resort for some US oil and gas companies seeking funding. Banks are deserting the equity and reserve-based lending markets they rely upon. But investors have proved eager to deploy capital in well-structured shale deals that can yield as much as 6%, meaning the ABS market may provide a lifeline for the struggling energy firms, writes Jennifer Kang.

  • Moody’s rates first aircraft ABS in 10 years

    Moody’s rates first aircraft ABS in 10 years

    Castlelake priced the first aircraft securitization since the pandemic on Wednesday, kindling hopes of revival in a battered sector most severely hit by Covid-19. The deal is also the first aircraft transaction that Moody’s has rated in more than 10 years, following a change in rating methodology by the company.

  • LendingClub becomes first fintech-turned-bank

    LendingClub becomes first fintech-turned-bank

    Online lender LendingClub successfully passed all the regulatory hoops required to acquire Radius Bank, the company said on Tuesday morning, making it the first public US neobank. The deal will officially close on February 1.

  • People news in brief

    People news in brief

    Natixis promotes DCM bankers — Powell quits IFAD job — NatWest Markets makes Peberdy, Donaldson and Manwaring's positions permanent

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