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
More articles
More articles
-
The way rating agencies rate structured finance transactions will come under greater scrutiny from the European Securities and Markets Authority this year, amidst sustained concerns over high outstanding securitization volumes and continued ratings volatility in the region.
-
NIBC Dutch MBS XVIII started taking indications of interest on Wednesday morning with initial price thoughts inside outstanding levels, taking advantage of the jolt to the Dutch RMBS rally provided by Obvion’s record tight Storm print on Tuesday.
-
Bank treasuries were the biggest buyers of Obvion’s Storm 2013-1 RMBS when it priced on Tuesday, helping to drive the transaction to the tightest pricing for a Dutch RMBS since the financial crisis.
-
Recently proposed changes to capital requirements from the Basel Committee on Banking Supervision could cause asset-backed securities-related regulatory capital held by banks to increase more than twice over and sharply raise the spread level at which banks break even when investing in ABS, according to Royal Bank of Scotland researchers.
-
Rabobank mortgage subsidiary Obvion priced its Dutch residential mortgage-backed securities deal, STORM 2013-I, tight of original guidance on Tuesday, with the EUR150 million ($199.77 million) senior three-year tranche yielding 45 basis points over three-month EURIBOR.
-
Both tranches in Obvion’s latest Storm RMBS will be priced 10bp inside initial price thoughts after investor interest left the two and five year tranches more than three times covered.
-
Initial price thoughts on Obvion’s Dutch residential mortgage-backed trade, STORM 2013-I, surfaced this morning, with the senior class whispered at three-month EURIBOR plus 50-55 basis points.
-
Obvion’s first Storm RMBS of the year is set to be the tightest Dutch RMBS print since the crisis, with the issuer benefitting from booming demand and a no-grow size.
-
Dutch lender ING has sold €3bn of RMBS from its Orange Lion shelf, in a deal that was sole led by JP Morgan.