Latest news
Latest news
The four deals bring the ABS pipeline to six deals
Servicer access to Texas HQ will continue assessment of ABS deal collateral
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A new level of harmonisation and simplicity in financial markets communication is on the horizon, according to supporters of the Common Domain Model — a coding framework that will allow bonds, repos and derivatives to be described in a single format, potentially making processing more efficient and less manual. -
Presidio Petroleum closed an inaugural, private securitization backed by oil and gas assets on Wednesday to fund its “acquisition driven” growth strategy. A Morgan Stanley Energy Partners portfolio company, Presidio has been acquiring several oil and gas assets from different energy companies in the past few years.
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GoodLeap is preparing an ABS backed by loans originated to install solar panels and energy efficiency home improvements. It is the firm's second deal after it expanded into home improvement lending. The outlook is rosy for the solar and home improvement sectors thanks to a home improvement boom and growing interest in the environment, said sources.
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The Federal Reserve signalled that tapering is near in its Wednesday meeting, describing how the US economy has made progress and employment continues to strengthen. ABS pros are expecting the Jackson Hole Summit in August to be a natural point to begin tapering and pull back MBS purchases at a faster rate than Treasurys.
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Royal Dutch Shell and London asset manager Tramontana have created a carbon credit securitization product, forming a new asset class aimed at optimising the offsetting of carbon dioxide emissions. Tom Brown reports.
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Affirm priced its buy now pay later ABS on Tuesday afternoon. The revolving transaction is designed to provide Affirm with the flexibility to fund shorter term instalment loans.
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The Federal Reserve kicked off its two-day policy meeting on Tuesday, with the officials deeply divided on when to make the move to tapering asset purchases. With no dot plot projections expected this time, sources are keeping a close eye on what Fed chairman Jerome Powell says, looking for hints about the central bank’s plans.
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A UK football club securitization has closed that offers investors exposure to future ticket sales. But sports securitizations, almost non-existent after the 2008 global financial crisis, have assumed a new, higher level risk in the eyes of many following the pandemic.
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Castlelake beat its own record with a refinancing of its 2017-1R transaction, achieving the lowest coupon out of all of its deals since it debuted in the ABS market in 2014. The pricing highlighted the insatiable demand for aviation bonds, even as some voiced concerns over valuations in the esoteric ABS market overall.
