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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ABS issuers and syndicate bankers are seeing little drop in demand for new deals despite the wider shocks to equity markets driven by COVID-19 fears and a selloff in oil, with issuers pricing six deals last week to place €2.25bn of bonds with investors. -
BNP Paribas has hired Ankush Chowdhury as the head of transportation finance in the Americas, a newly created position focused on driving the bank's strategy for aircraft, shipping and other transportation asset classes.
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NEoT Offgrid Africa (NOA) has completed a microfinance securitization of sub-Saharan African solar trade receivables with arrangers with Société Générale and Credit Agricole to help fund renewable electricity across the Ivory Coast.
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Lead bank Morgan Stanley issued revised price thoughts for Gedesco Trade Receivables 2020-1 on Thursday, offering investors a wider spread on the bonds as conditions in the ABS market show signs of deteriorating.
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GlobalCapital is pleased to announce the winners of its annual European Securitization Awards
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Securitization trustees have stuck to old-fashioned, labour-intensive methods of managing loan documents for decades, but consumer ABS trustees are finally ditching the Excel spreadsheets and embracing automation, compelled by an investor community that feels more comfortable with technology than ever before.
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Westlake Financial is preparing to launch the first of three subprime auto securitizations it has planned for 2020. While the lender’s outlook on consumer health remains positive, it is closely monitoring subprime borrowers for signs of struggling, and the market’s transition to Sofr.
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BMW Bank has mandated Bank of America and Lloyds Bank as joint-lead managers, alongside co-managers MUFG and SMBC Nikko, for its Bavarian Sky UK 3 transaction, a UK auto ABS comprised entirely of loans to borrowers with personal contract purchase (PCP) agreements.
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FAT Brands is preparing to price an inaugural public whole business securitization this week, nearing the finish line following an earlier private offering last year that was ultimately shelved when the investor failed to close, spurring a lawsuit by the company.
