Non-call risk intensifies as specialist lenders seek funding

By Tom Brown
31 Mar 2020

Investors are increasingly focused on non-call risk in European securitizations, with specialist lenders in the firing line. Investors say roadshow conversations led them to believe that non-call risk would not be a feature of the post-2008 ABS market.

“I think a lot of shops have built their brand and reputation on saying that these deals will be called — and the market wrote them a free option in terms of not having to really pay for protection in these deals,” said one investor. “Those that do ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.