Structured Bonds - All Articles

  • RCI revs up size despite credit market crash

    ABS investors stood firm for RCI Banque’s Cars Alliance 2011, a German auto ABS, allowing lead managers Crédit Agricole and HSBC to place €800m — boosting the size from the announced minimum of €600m — despite worsening credit market conditions this week.

  • Lloyds backs SME lending but SF funding still in question

    Lloyds Banking Group said on Wednesday it would lend at least £12bn to British small and medium-sized enterprises, keeping net lending positive. But SME market experts have warned that such lending can be extremely costly without government support.

  • Renault’s Cars Alliance guns for size

    Crédit Agricole and HSBC have opened books on RCI Banque’s Cars Alliance 2011-1 German auto ABS, offering €600m minimum of 1.4 year average life seniors at 100bp-115bp over one month Euribor.

  • Auto roll out could be 2011 ABS finale

    The two German auto deals in the pipeline could signal the end of ABS issuance for 2011, as buying interest dwindles ahead of the Christmas break. While the core asset classes in European ABS have been largely resistant to the sovereign turmoil, if no resolution is in sight, investors and dealers alike will be aiming to stay light for the last weeks of the year.

  • Renault rises to ABS occasion

    Renault’s captive lender RCI Banque has launched a securitisation of its German auto loan book, following a deal from Banque PSA (part of Peugeot) last week and the relaunch of SC Germany (from Santander) on Monday morning.