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
-
Cinven and CVC-owned issuer NewDay has priced its largest ever deal, increasing NewDay Partnership Funding 2020–1 by £100m and removing the Sofr-linked dollar tranche from the transaction. -
Solar Mosaic is readying a $222m securitization backed by residential consumer solar loans — its second this year. Solar ABS issuers say their investor base has multiplied during the pandemic, in part thanks to the accumulation of of loan performance data.
-
Auto ABS origination volumes are surging in Europe as spreads retreat to present a clear window of issuance, prompting deal announcements from subsidiaries of both Santander and Aldermore Group.
-
The upcoming presidential election is driving a rush by securitization issuers to get deals through the pipeline before November, when sources say election uncertainty and a potential second wave of Covid-19 infections could make for a highly volatile end to 2020.
-
Funding Circle underlined the strain felt by UK small and medium sized enterprises in its half year results on Thursday, as the marketplace lender swung into a loss caused by heavy writedowns of subordinated portions of its SBOLT securitizations. But the lender also achieved strong volumes in government-guaranteed loans, which it sells off balance sheet to Chenavari Investment Management.
-
Restaurant franchise operator FAT Brands closed its second whole business securitization this year, taking advantage of favourable market conditions. The proceeds of the deal will be used to finance the $25m acquisition of burger dine-in Johnny Rockets.
-
A subsidiary of RCI Banque has mandated Crédit Agricole and Société Générale for a €1.04bn auto ABS, the first public auto lease deal from the issuer.
-
Private equity firm Cinven has mandated arrangers Bank of America along with joint leads Lloyds, Royal Bank of Canada and Société Générale for a rare insurance premium ABS deal, boasting a £1.04bn portfolio.
-
Vivint Solar is back in the ABS market, preparing a new deal two months after it was announced that it would merge with rival solar finance firm Sunrun.
