Latest news
Latest news
Blackstone is also marketing the first public CMBS since July
Ravi Anand and Amany Attia depart UK lender
Sponsors also inject $35m of equity
More articles
More articles
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DataBank, a subsidiary of data centre firm Digital Bridge, is preparing an inaugural securitization. This is the fourth Digital Bridge company to tap the ABS market amid growing appetite for infrastructure assets. -
Belgian point-of-sale lender Buy Way Personal Finance is bringing a rare public securitization of consumer loans backed by assets in both Belgium and Luxembourg. The deal is only the fourth Belgian transaction issued since 2008.
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The EU Commission is rushing to untangle legislation that would have stopped EU investors from buying Australian securitizations or covered bonds, after the country ended up on the EU’s list of non-cooperative tax jurisdictions.
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Southern California Edison has priced its first securitization in more than 20 years, the proceeds of which it will use to finance upgrades and other costs associated with its wildfire prevention program.
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Innovation and yield are returning to the franchise ABS sector as US market conditions improve, much to investors’ delight. Issuers beyond the typical restaurant franchises that dominate supply are eyeing entry into the securitization market, starting with home improvement companies.
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More securitizations of UK government-backed SME loans are being executed in private, with Funding Circle, a pioneer in the market, closing a deal with Sixth Street and Barclays in late January.
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Italy’s NPL collections have begun edging back to normality, with December’s collections 71% higher than those in November. The latest collection figures are the highest since the pandemic began.
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Whole business ABS deals are trading at a premium or on par in the secondary market, following improved US consumer activity and market conditions. Sources say the strong secondary levels signal the asset class is set to make a strong comeback this year.
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FortiFi Financial is returning to the market with the first property assessed clean energy (PACE) deal of the year. It is also the first time FortiFi, formerly known as Energy Efficient Equity (E3) is issuing under its new name.
