Latest news
Latest news
Some deals resemble the bank SRT market but there is room for independent sponsors to put trades together
Market participants gathering in Stavanger will focus on market growth
Mezz and certificates go on offer, testing new execution strategy
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A third issue in as many years from the Alba non-conforming U.K. RMBS shelf has surfaced, though arranging bank Credit Suisse declined to say whether it intends to place the notes.
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A third issue in as many years from the Alba non-conforming UK RMBS shelf has surfaced, though arranging bank Credit Suisse declined to say whether it intends to place the notes.
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A difficult market backdrop for issuance led to low coverage ratios and mixed pricing results in the primary market this week. Santander Consumer UK had to offer up a larger premium than it initially intended to get Motor UK auto ABS away, although BNP Paribas Personal Finance was able to price in line with guidance.
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BNP Paribas Personal Finance beat out deteriorating conditions to price its €1bn Phedina Hypotheken 2013-1 Dutch residential mortgage-backed deal in line with earlier guidance. Widespread softening has caused other new issue paper to print wider than anticipated this week.
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Australian lender Bendigo & Adelaide Bank has unveiled its second residential mortgage securitization of the year.
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BNP Paribas Personal Finance beat out deteriorating conditions to price its EUR1 billion ($1.33 billion) Phedina Hypotheken 2013-1 Dutch residential mortgage-backed deal in line with earlier guidance.
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BNP Paribas Personal Finance released initial guidance on its Dutch residential mortgage-backed trade Phedina Hypotheken 2013-1— the first Phedina trade in two years — on Tuesday morning.
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New legislation in Spain that is designed to make it harder to evict mortgage borrowers is set to lower recoveries on defaulted loans, with a small deterioration in RMBS credit performance likely to follow, says rating agency Standard & Poor’s.
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Royal Bank of Scotland’s Irish subsidiary, Ulster Bank, is looking to buy back around €1.25bn of outstanding Celtic Residential Irish Mortgage Securitisation notes in what will be the first tender for the bonds since May 2011.
