Structured Bonds - All Articles

  • Volkswagen targets tightest auto ABS pricing since crisis

    Volkswagen Financial Services has opened books on its VCL 15 issue, setting price guidance for the senior tranche at 55bp area over one month Euribor. If the deal prints at this level, it would be the tightest euro denominated auto ABS deal since the crisis.

    • 29 Feb 2012
  • Center Parcs: new lease of life for securitisation

    Center Parcs UK’s securitisation of its holiday resorts marks a fresh spurt of development for whole business securitisation, one of the hottest financial products of the late 1990s and 2000s, but one where innovation has slowed since the financial crisis.

    • 24 Feb 2012
  • Volkswagen and Barclays stand alone in ABS pipeline

    Clydesdale Bank’s privately placed Lanark 2012-1 RMBS was the extent of primary ABS issuance this week. Looking ahead, Barclays is set to launch its Gracechurch Cards deal next week, and Volkswagen has mandated for VCL 15 — its first euro issue of the year. But apart from these two market stalwarts, the pipeline remains light with some bankers blaming the strong covered bond market.

    • 24 Feb 2012
  • Center Parcs: a new lease of life for corporate securitisation?

    Center Parcs UK’s securitisation of its holiday resorts on Friday marked a fresh spurt of development for whole business securitisation, one of the hottest financial products of the late 1990s and 2000s, but one where innovation has slowed since the financial crisis.

    • 20 Feb 2012
  • Bond-style structure boosts books for Center Parcs

    The bond-style structure for Center Parcs’ whole business securitisation has proved a hit with investment grade and high yield investors, who piled into the issue this Friday.

    • 17 Feb 2012
  • Center Parcs goes back to the future with return to WBS

    Whole business securitisations are back — and in the most bond-like form possible.

    • 10 Feb 2012
  • Center Parcs on the road with WBS to refinance CMBS

    Center Parcs UK, the holiday resort group, is marketing a new whole business securitisation this week, roadshowing in London and Edinburgh for a three tranche sterling deal.

    • 07 Feb 2012
  • FSA consultation could crush ABCP, boost term

    New FSA rules could see ABCP conduits in the UK forced to shrink their programmes, a move that could lead to a boost for term securitisation markets in credit card and auto ABS.

    • 03 Feb 2012