Latest news
Latest news
Aviation loan ABS senior spread at 105bp over
Cash SRT pipeline fires up earlier than usual
A new European data centre sponsor, Dutch buy-to-let back in business, CLO equity squeezed and a Bitcoin backed deal
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A rare wireless spectrum deal from Sprint is already seeing secondary market action after being priced on Wednesday. -
British Airways made a rare appearance in the Enhanced Equipment Trust Certificate (EETC) market on Wednesday with a dollar-denominated offering.
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Global retailer Signet Jewelers has stepped up its plans to outsource its consumer lending programme, with an agreement to sell its remaining non-prime credit card portfolio with a par value of about $600m to CarVal Investors.
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PACEfunding, a California-based residential Property Assessed Clean Energy (PACE) finance firm, has mandated Natixis to lead its first ever securitization.
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Lead managers have circulated initial price thoughts on BL Cards, an unusual credit card ABS backed by receivables from Belgium and Luxembourg that is selling a full capital structure.
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Online small business lender OnDeck announced that Ken Brause will be taking over as chief financial officer effective March 26.
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Analysts at Bank of America Merrill Lynch signalled their preference for unsecured consumer loans originated by ‘bricks and mortar’ lenders over those originated online, citing a dearth of marketplace loan performance history and weak ABS structures.
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The strong dealflow in the European ABS market continued on Monday, with two new consumer mandates hitting screens. Lloyds launched its first deal of the year, a dual-currency credit card issue, while BMW Finance mandated a French auto deal.
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The European Commission’s Sustainable Finance Action Plan, announced on March 8, involves no less than 10 different workstreams, covering a wide range of the ideas put forward by the High Level Expert Group on Sustainable Finance, which held a one year inquiry for the European Commission during 2017.
