Latest news
Latest news
SilverRock was taken over by GB Bank in March
French RMBS volumes expected to rise as lender plans on doing more than one transaction a year
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Investors are sidestepping fears of a recession in their hunt for yield, pouring into one of the ABS market's riskier consumer asset classes, according to securitization analysts at JP Morgan. -
Solar Mosaic is putting together its second residential solar ABS offering of the year — its sixth rated securitization ever.
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Volkswagen priced a €1bn auto deal on Wednesday with a coupon of 65bp, breaking a summer-long trend of auto ABS issuers offering Euribor-linked coupons of 70bp.
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Global aviation lessor Air Lease Corporation (ALC) has announced the third ABS transaction from its Thunderbolt aircraft leasing platform. The deal mainly consists of new to mid-life, narrow-body aircraft, but includes weak lessees facing bankruptcy or financial hardships.
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Regulatory constraints could be eased for securitizations of non-performing loans (NPLs), according to a European Banking Authority (EBA) opinion paper published on Wednesday.
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A New York federal judge ruled on Monday that the Office of the Comptroller of the Currency (OCC) lacks legal power to grant a bank charter to a fintech company, planting the OCC’s charter program in murkier grounds. One significant implication of the ruling is that the bank partnership model will continue to thrive as the best originating option for fintechs, market participants told GlobalCapital.
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The World Bank’s pioneering pandemic bond has failed to recognise what the World Health Organisation has said is the second largest Ebola epidemic ever, which took place in the Democratic Republic of Congo. This is a gross failure, but the jury is still out on using such instruments to fund disaster response in the developing world.
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UniCredit is structuring a €6bn Italian non-performing loan (NPL) securitization called Prisma, which is set to qualify for Italy’s state-sponsored guarantee scheme and will send the bank below its €10bn NPL target.
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Risks around the Libor transition and a persistent stream of debt cancellation proposals continue to put pressure on student loan ABS spreads. Last week, secondary spreads widened again for both Family Education Loan Program (FFELP) loans and private student loan ABS.
