Latest news
Latest news
Belgian car leasing company taps four banks and three investment firms
CoT intends on issuing twice a year from its master trust starting from 2027
S&P’s Andy South gives his outlook for European ABS, and the regular trio talk about Italian ABS, frantic CLO issuance and a passing of the torch
More articles
More articles
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Tight spreads and increasing pressure on FFELP student loans are driving investors into what they regard as the best hiding place in the asset class — private student loans. Although lacking in yield, private refi loans are attracting investors with their solid borrower base during a time of crisis. -
Investment advisory firm National Investment Services has appointed Stephen Smitley as a portfolio manager focused on municipals and structured products.
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John McElravey has joined the Federal Reserve Bank of Boston as a markets specialist as of February 8. The capital markets veteran joins from First XV Partners and previously Wells Fargo, where he was a lead ABS research analyst.
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Investors are devouring whatever comes through the US securitization pipeline, leading to big oversubscriptions and tight spreads across all sectors. While January is traditionally hectic in the primary market, sources say the market is moving faster this year. Investors are looking to deploy cash early in the hope of being able to avoid a volatile market later in the year, should the coronavirus pandemic deteriorate, writes Jennifer Kang.
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HSBC's Henry to retire — European Commission borrows IR and funding officials from EIB — Paterson joins CQS
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Santander is bringing the largest deal from its Spanish consumer loan securitization shelf to date, with the €1.79bn Santander Consumo 4 offering a full capital stack to investors.
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Intesa Sanpaolo has completed a €1.3bn synthetic securitization to fund the construction of wind farms, solar cells and biomass — the first synthetic securitization in Italy totally dedicated to green energy.
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Investors are devouring whatever comes through the pipeline, from equipment ABS to consumer loan securitizations. While January is always a busy time, sources say this year the market is particularly crowded because investors are looking to deploy their cash before virus uncertainty sets in in mid-2021.
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'Bowie bonds' were a pioneering innovation in the 1990s, allowing David Bowie to monetise his royalty revenues up front. But few artists ended up following his lead. Since the streaming revolution swept the music industry, however, securitizing songs has become more viable once again.
