Latest news
Latest news
January's ABS data center deals see tenant numbers drop but demand remains strong
Deals including some commercial mortgages expected to follow
Deal was priced 6bp tighter than most recent iteration of the asset class
More articles
More articles
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The amount of significant risk transfer (SRT) transactions executed by US institutions tripled over the past year, a trend expected to continue in 2021 as the synthetics space makes up for lost time after the pandemic. The extension of simple, transparent and standardised (STS) rules into the sector will also help bring first-time issuers into the market, said panellists speaking at IMN’s Virtual Investors’ Conference on Significant Risk Transfer on Wednesday. -
The significant risk transfer secondary market, a historically inactive sector, had its biggest year ever in 2020, with over $1bn traded as investors either sold to switch to other asset classes or were made forced sellers by margin calls, said panellists at IMN’s 2021 Virtual Investors’ Conference on Significant Risk Transfer on Wednesday.
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US residential solar company Solar Mosaic is returning with a securitization backed by a pool of prime consumer loans. The issuer surpassed $4bn in loans funded through its platform in February, and hopes to continue pushing the solar asset class into the mainstream.
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Global Jet Capital has returned to the ABS market after a four-month hiatus, another culmination of strong secondary market volume and investor demand observed in the last six months. However, some investors are still scratching their heads over whether they are getting paid appropriately for the risks.
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Piraeus Bank has agreed its largest NPL sale to date, with debt purchasing firm Intrum AB agreeing to buy 30% of the mezzanine notes in the securitization of the €4.9bn portfolio.
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DenizBank is using its diversified protection rights (DPR) securitization programme to funnel cash into women-led businesses and renewable energy, snaring a $100m loan from the European Bank for Reconstruction and Development (EBRD).
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Marine container company Seaco is issuing the fifth container securitization of 2021, riding the wave created by recovering container trade volumes, utilisation rates and steel prices.
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Investors are warming to aircraft ABS as a way to play the pandemic recovery, after the early successes of Covid-19 vaccination programmes brought hopes of blue skies ahead for the aviation industry. Jennifer Kang reports.
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Securitizations with the ‘simple, transparent and standardised’ (STS) label have definitively started pricing better than non-STS deals for the first time since the framework’s launch in 2019, said Santander managing director Steve Gandy, speaking at Afme’s 12th Annual Spanish Capital Markets Virtual Conference.
