Latest news
Latest news
The acquisition was announced a day before Lendco priced its Atlas securitization
Non-qualified mortgage securitizer is bringing third deal of year for $424m
BINOM shelf used for latest deal
More articles
More articles
-
Staring down the barrel of a bail-in, Banca Monte dei Paschi di Siena (MPS) is scrambling to develop a market-based recapitalisation plan before the end of the week in a crucial first test of the European Union’s Bank Recovery and Resolution Directive, which could place immense political strain on the Italian government. -
The secret £1.5bn securitization which fuelled Goldman Sachs’ DCM numbers in the second quarter is being sold piecemeal, with as much as £400m still left to place in the senior notes. The deal saw Goldman buy an old Barclays portfolio, split it in two, and securitize performing and non-performing loans, writes Owen Sanderson.
-
Rabobank said on Wednesday that it sold a €500m portfolio of Dutch mortgages to insurer Delta Lloyd, continuing its €150bn plan to slim its balance sheet.
-
Increased lobbying efforts to encourage the recapitalisation of government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in the near future are likely to be futile given the political environment in the US.
-
Reviving the UK RMBS market in the aftermath of the country’s vote to leave the European Union is seen as key to maintaining issuance levels in European ABS — but despite steady secondary trading and a market reopening deal, it is far from clear that this is possible.
-
GE Money Bank in France last Friday offered up extra spread on the subordinate tranche of its €850m French RMBS deal, the first publicly placed deal in the asset class since July 2015.
-
Goldman Sachs’s excellent DCM numbers this quarter were driven in large part by the lucrative exit from a large book of ex-Barclays loans, sold from the British bank’s non-core division to a consortium including Goldman last autumn.
-
Thursday proved a busy day for primary European ABS. Clydesdale Bank reopened the UK RMBS market with a £750m ($990m) prime deal, while EDP priced its €600m electricity tariff receivables deal and GE Money Bank in France said it would print a minimum of €750m in French RMBS paper on Friday.
-
Fannie Mae has priced its fourth credit risk transfer (CRT) deal of the year, CAS 2016-C04, amid high investor demand and a return to pre-Brexit spread level across structured finance markets.
