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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Tesco Bank is looking to sell its £3.7bn mortgage book after announcing that it will cease new mortgage originations. The lender is exploring options to facilitate a complete transfer, but the news has drawn attention to a bill proposed in the UK parliament which would grant borrowers the ability to transfer mortgages between providers.
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Jamaica has gone beyond an existing programme with other countries in its region in order to beef up its defences against natural disasters by deciding to work with the World Bank to prepare a catastrophe bond. The deal may also have ramifications for the sustainability of its debt.
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Online lenders are shifting towards higher quality borrowers as fears of an imminent recession increase.
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Clydesdale Bank has mandated BNP Paribas, Bank of America Merrill Lynch, Citi and Lloyds for it Lanark 2019-2 UK RMBS offering. The multi-currency deal will comply with the ‘simple, transparent and standardised’ (STS) regulation and include a Sonia-linked sterling tranche.
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The new issue pipeline in Europe is showing no sign of slowing down following what was one of the busiest weeks of the year so far, as issuers tee up three new deals, including the first public auto ABS to be issued by Mercedes-Benz in Italy.
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LeasePlan released initial price thoughts for its Bumper UK auto ABS on Tuesday with senior notes guided around low 70bp.
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UK challenger bank Shawbrook is issuing a prime UK buy-to-let RMBS comprised of first-lien mortgages via sole arranger Lloyds. The deal is the first securitization to come from Shawbrook and will be the second non-retained deal linked to the sterling overnight index average benchmark (Sonia).
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Ørsted, the Danish energy company formerly known as Dong, which is transitioning from oil and gas to renewable energy, launched a highly successful bond issue on Thursday that was the biggest ever sterling green bond, at £900m, and included the biggest fully syndicated note linked to the consumer price index (CPI).
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Ørsted, the Danish energy company formerly known as Dong, which is transitioning from oil and gas to renewable energy, launched a highly successful bond issue on Thursday that was the biggest ever sterling green bond, at £900m, and included the biggest fully syndicated note linked to the consumer price index (CPI).