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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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. -
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.
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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.
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The UK’s Universities Superannuation Scheme Investment Management (USSIM), the biggest pension fund in the country, is looking to break into the ABS market.
