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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Two structured finance veterans who helped to kickstart broker-dealer Braver Stern’s institutional mortgage-backed securities trading platform in 2008 have left their respective firms to start retail-focused desk at a broker-dealer in New York.
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Irish RMBS noteholders face heightened extension risk and potential losses on senior tranches as a result of the country’s Personal Insolvency Arrangement, according to Barclays ABS analysts.
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The volume of European securitization issuance could end the year down on last year’s total, Standard & Poor’s said in a study Wednesday, noting amount of issuance already placed with investors up to the end of July—EUR44 billion ($54.78 billion)—was down 10% on the same period in 2011.
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The U.S. market was quiet last week, with a two-pronged credit card receivables deal from American Express and a quieter triple net lease deal from STORE Capital the only stories getting told. -
Irish RMBS noteholders face heightened extension risk and potential losses on senior tranches as a result of the country’s Personal Insolvency Arrangement, according to Barclays ABS analysts.
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London-based officials are mulling whether the recent tightening in U.K. prime residential mortgage-backed securities has pushed spreads beneath the 110-120 to 160-170 basis points region, present since mid-2009, towards a new established tighter range.
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Santander U.K. has preplaced a new euro-denominated issue of prime U.K. residential mortgage-backed securities, Holmes 2012-4, and said Monday it will continue to eye funding in the public securitization market.
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Santander UK has priced its fourth RMBS issue of the year from its Holmes master trust, placing €650m of notes with a single investor at 75bp over, confirming the scale of spread tightening in core ABS in recent months.
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Europe’s securitization market has seen an uptick in bids-wanted-in-competition (BWIC) lists this month.
