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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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A pair of Italian ABS deals set to qualify for the ‘simple, transparent and standardised’ (STS) regulatory label put Italy at the top of the list along with the UK for total public STS issuance. -
Waterfall Asset Management’s 2017 NPL securitization of Creval loans, Elrond NPL, has been downgraded as collections fell short of expectations. Scope Ratings said that cumulative collections were only 75% of those in the original business plan, with cash still stuck in challenging court processes.
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Santander has hired a senior securitization banker from StormHarbour Securities as head of its continental European securitization team, working on both public and private placements as well as advising on significant risk transfer (SRT) deals.
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Stenn, a trade finance specialist, has closed a $200m receivables securitization programme with Natixis, expanding its capital markets programme. The company said it hopes to address the $1.5tr 'trade finance gap' that could be closed by digitisation, according to the International Chamber of Commerce (ICC) and the Asian Development Bank.
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British Airways priced an $806.88m Enhanced Equipment Trust Certificate (EETC) securitization on Monday.
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Sterling securitization supply issue is predicted to continue up until late August at least, spurred on by the Brexit deadline of October 31. According to a syndicate banker, there are relatively few continental European investors still willing to invest in sterling deals, with the exception of selected French investment firms.
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Amundi and the European Investment Bank are collaborating on a new €1bn fund aimed at bringing the benefits of green bond funding to smaller issuers in the EU and those with weaker credit quality. They will originate deals through a network of banks.
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ING’s Boekhout to head Commerz corporate biz — ICBC loan syndication head resigns — Ex-Barclays’ Wright joins S&P
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NatWest Markets has published a free online calculator market participants can use to work out compounded daily Sonia — the rate that looks set to replace sterling Libor from January 2022.
