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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GlobalCapital spoke to Andre Hakkak, chief executive of White Oak Global Advisors, a fund specialising in SME, asset-based and direct loan origination, about the Covid crisis in the SME world, the coming end of government support, the end of Ebitda and the challenges of fundraising in a pandemic.
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Trinity Industries published a framework that will guide its efforts to produce green ABS, deals that will be directly linked to reducing greenhouse gases. The framework is the answer to investors’ calls for green label deals, which are rare and in high demand in the securitization market.
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Santander has added a further €500m to what was already an €1.2bn deal, making Santander Consumo 4 the biggest ABS trade of 2021 so far. Final pricing for the increased €1.26bn class ‘A’ tranche came in at 48bp over three-month Euribor. -
The UK’s Universities Superannuation Scheme Investment Management (USSIM), the biggest pension fund in the country, is looking to break into the ABS market.
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GreenSky is making its first foray into the securitization market with a deal backed by consumer loans used to finance home improvement products and services. The point of sale ABS sector is finally starting to see meaningful growth, with Affirm establishing itself as a regular issuer and GreenSky adding volume.
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Tight spreads and increasing pressure on FFELP student loans are driving investors into what they regard as the best hiding place in the asset class — private student loans. Although lacking in yield, private refi loans are attracting investors with their solid borrower base during a time of crisis.
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Investment advisory firm National Investment Services has appointed Stephen Smitley as a portfolio manager focused on municipals and structured products.
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John McElravey has joined the Federal Reserve Bank of Boston as a markets specialist as of February 8. The capital markets veteran joins from First XV Partners and previously Wells Fargo, where he was a lead ABS research analyst.
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Investors are devouring whatever comes through the US securitization pipeline, leading to big oversubscriptions and tight spreads across all sectors. While January is traditionally hectic in the primary market, sources say the market is moving faster this year. Investors are looking to deploy cash early in the hope of being able to avoid a volatile market later in the year, should the coronavirus pandemic deteriorate, writes Jennifer Kang.
