Structured Bonds - All Articles

  • UniCredit sells Geldilux CLO of SME loans privately

    UniCredit closed a securitisation of loans to small and medium-sized enterprises on Tuesday. The bank placed the €150m 2.5 year ‘A1’ notes of the deal, known as Geldilux-TS-2011, with a third party investor, at a coupon of 130bp over Euribor. The investor in question was “very familiar with the [Geldilux] programme”, according to a source close to the deal.

    • 21 Dec 2011
  • UniCredit lines up as KfW backs SMEs

    UniCredit is said to be lining up a new issue from its Geldilux SME programme, which could be priced as soon as Friday, perhaps with KfW backing. Details could not be confirmed as EuroWeek went to press, but if the deal is sold to the market, the spread will certainly be above the 96bp level achieved by the last Geldilux in September 2010.

    • 16 Dec 2011
  • KfW backs securitisation to boost SME lending in 2012

    KfW says it will continue buying securitisations, keeping its structured finance platforms active, and participating in market initiatives in 2012. Its aim is to provide long term finance for small and medium-sized enterprises, particularly in Germany.

    • 13 Dec 2011
  • GMAC grabs late breaking ABS

    GMAC Bank has sold what might well be the last ABS of the year, a €400m preplaced German auto ABS.

    • 12 Dec 2011
  • StanChart sells risk in $2bn corporates book

    Standard Chartered has sold the $140m equity tranche in a $2bn corporate loan book, having increased the size of the underlying loan book from $1.5bn after getting more demand.

    • 12 Dec 2011