Structured Bonds - All Articles

  • Turbo Finance 2 snapped up by hungry auto ABS buyers

    Leads were able to price FirstRand Bank’s Turbo Finance 2, a securitisation of UK car loans, more than 40bp inside last year’s level, confirming buoyant appetite for European auto ABS.

    • 23 Mar 2012
  • HSBC takes lenders to Courts for ABS deal

    Courts (Malaysia), an electronics and furniture retailer, has pulled off a rare Asian securitisation, turning to bank lenders and fixed income investors for MR300m ($97.26m) of funding.

    • 23 Mar 2012
  • Turbo Finance 2 finds hungry auto ABS buyers

    Leads were able to price FirstRand Bank’s Turbo Finance 2, a securitisation of UK car loans, more than 40bp inside last year’s level, confirming buoyant appetite for European auto ABS.

    • 21 Mar 2012
  • European car loan ABS branches out with Swiss and UK deals

    GE Money Bank has completed the first ever securitisation of Swiss car leases, while a UK deal for MotoNovo Finance is also in the pipeline. The transactions offer investors some geographical diversification, as auto ABS this year have been restricted to two German and one French offering.

    • 14 Mar 2012
  • Volkswagen, Barclays give primary a boost

    After weeks of private placements and auctions dominated by esoteric legacy assets, Volkswagen and Barclays offered the structured finance market something more substantive this week — and investor appetite did not disappoint. Volkswagen was able to print the tightest euro auto deal since the financial crisis, and increase the deal size in both tranches.

    • 02 Mar 2012
  • Volkswagen proves pedigree with increased VCL 15

    Investors have jumped at the chance to buy notes from Volkswagen’s VCL 15 deal, enabling leads to increase the final size of both tranches and price the tightest euro auto deal since the crisis.

    • 01 Mar 2012