Latest news
Latest news
Car maker and bank price German trades as RCI prices a Spanish deal
Deal comes amid the anticipated October repayment date for 2021 deal
Dutch mortgage provider launches its second public RMBS of the year
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Angelo, Gordon & Co has hired former Pimco portfolio manager Sunil Kothari as managing director, responsible for originating and executing on residential and consumer debt investments across Europe.
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The European Central Bank will price the third instalment of its Targeted Longer-Term Refinancing Operations (TLTRO III) more harshly than expected, it revealed on Thursday. This should keep most banks using market funding. Meanwhile, expectations are rising of another round of quantitative easing, something that would boost prices of bank debt, write Tom Brown, Jasper Cox, David Freitas and Bill Thornhill. -
Demand for Sonia-linked ABS issuance has jumped following a rapid switch-over last week, which saw the majority of the European securitization market move onto the new benchmark ahead of the replacement of Libor in 2021.
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Goldman Sachs announced on Friday that it is arranging a £282.8m CMBS named Cold Finance, a refinancing of a single loan to warehouse specialist Lineage Logistics. The deal has five rated tranches including a triple-A rated senior tranche.
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Prime Collateralised Securities has hired Martina Spaeth as a senior analyst working on the verification of securization deals to qualify for the 'simple, transparent and standardised’ (STS) label.
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A key regulatory technical standard (RTS) draft for homogeneity requirements in European securitizations has been finalised, in a move that shows work on the 'simple, transparent and standardised' (STS) framework is progressing, though not at a quick enough pace to entice more investors to market.
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Peru could receive a payout from its World Bank-issued catastrophe bond after an earthquake hit the country’s Amazon region on Sunday morning. Investors are expecting a 30% loss to principal, but this will not be confirmed for several weeks.
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Theresa May’s statement today that she will step down as leader of the Conservative Party on June 7 has increased the likelihood that the UK will leave the European Union without a deal, meaning capital markets need to prepare for the worst again.
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HSBC has started a programme to sell some of its trade finance exposures in packaged, investor-friendly format, threatening a lucrative niche until now occupied by firms such as Greensill Capital. The bank, the largest trade finance lender in the world, has worked with AllianzGI to sell the short dated bond-like assets.
