.png){kind=logo}
GC Asia
-
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.
12.00 PM -
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 -
C-PACE lender bolsters New York team to support growing demand
Petros PACE Finance, a commercial property-assessed clean energy lender, added Jerry Ellis to the business development team in its New York office. The move comes ahead of New York's expected approval of the C-PACE bill, enabling commercial property owners to tap PACE financing for new construction projects.
15 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 -
Wingstop sets record for lowest yield in whole biz ABS
Restaurant chain Wingstop has priced its latest ABS offering to yield 2.85%, making it the first ever whole business securitization to be printed with a two handle, with market watchers crediting tight ABS supply and Wingstop’s strong credit story.
14 Oct 2020 -
Nearwater sets up third US Treasury conduit with Barclays
Nearwater Liquid Markets has set up a third ABCP conduit which will buy only US Treasuries, repoing them with Barclays, in a move that would help the UK-based bank manage its access to high quality collateral. The new vehicle joins existing structures Nearwater has set up with BNP Paribas and with JP Morgan.
14 Oct 2020 -
Balboa enters small ticket equipment ABS in cusp of recovery
Equipment lender Balboa Capital is tapping the securitization market for the first time this year, riding the improving macro conditions and stable demand for equipment. However, sources say the small ticket sector is still performing poorly compared with other sectors of the equipment finance market.
13 Oct 2020 -
Navigating the new normal – Q&A with Ocorian’s Sonal Patel and Sinead McIntosh
The last six months have been unprecedented times for the global capital markets, and securitization has not been spared the volatility. In both the US and Europe, structured finance sectors have had to navigate worsening economic conditions, widening spreads and a deeply uncertain outlook for the rest of 2020 and beyond. With the help of central bank and government support measures, the worst of the crisis may have been avoided, but securitization may also have a role to play in the coming recovery. GlobalCapital spoke with Ocorian’s Sonal Patel and Sinead McIntosh on the outlook for capital markets, the state of securitization and the prospects for 2021.
13 Oct 2020 -
US Congress inaction to hurt consumer ABS performance
Consumer ABS performance is expected to slide as Congress negotiations for the next Coronavirus Aid, Relief, and Economic Security (CARES) Act remain in limbo. Sectors such as auto and credit card ABS may see more obligors previously shielded by government support falling into late stage delinquencies, sources said.
12 Oct 2020 -
Sustainability disclosures delayed as regulators admit legal clash
The European Commission has bowed to lobbying by investors and delayed compelling them to follow the detailed requirements of the Sustainable Finance Disclosure Regulation — a complex reporting task that is ill-matched with another EU rule, the Taxonomy of Sustainable Economic Activities.
09 Oct 2020
ABS
