Structured Bonds - All Articles

  • Housing associations don’t need UK guarantee

    It’s a classic moral panic for the UK broadsheet newspapers. ‘Government housing policy fails’ scream the headlines. ‘Paltry take-up for social housing aid’.

    • 22 May 2014
  • Fiat tempted into auto ABS by Italian bid

    FGA Capital, the joint venture between Italian carmaker Fiat and Crédit Agricole, is set to print the first public auto ABS backed by Italian collateral in over a year. Bankers also expect more RMBS from the country as strong bids for periphery ABS start to tempt more issuers.

    • 22 May 2014
  • LSE gets first CLO since crisis as smaller deals arrive

    Fair Oaks Income Fund has acquired GLI Finance’s last two CLO investments, as it builds an initial portfolio ahead of the first CLO fund flotation in London since the financial crisis.

    • 22 May 2014
  • Ford closes on Germans after hitting tight end with latest Globaldrive

    Ford Credit Europe Bank has shifted its auto ABS curve a little closer to the European market’s top dogs, printing its Globaldrive 2014-1 transaction just 3bp back of Volkswagen paper on Wednesday.

    • 22 May 2014
  • HA bond uses UK wrap, but this will be rare

    The Housing Finance Corp, a company that raises finance for smaller UK housing associations, on Thursday issued the first bond guaranteed by the UK government under a new scheme to support affordable housing.

    • 22 May 2014
  • Fillip for UK ABS as Tesco mandates first public credit card deal

    Tesco Personal Finance has fuelled hopes of a more active primary market for UK ABS by opting to publicly sell its third credit card securitization, a year after retaining a £1.75bn transaction to access the Funding for Lending Scheme.

    • 21 May 2014
  • GDF’s €2.5bn shows green bonds' growth

    GDF Suez issued by far the largest green bond on Monday, a €2.5bn deal that smashed the €1.4bn record set by Electricité de France in November. Demand totalled €7.5bn.

    • 15 May 2014
  • Regency Centers wins price advantage with $250m green bond

    Regency Centers, a shopping centre developer, this week became the first non-bank company in the US to issue a specially labelled green bond. It was the first green bond where the company appeared to gain a convincing pricing advantage, relative to issuing a normal bond. That is a breakthrough, as until now many market participants have denied that this could, or even should, happen.

    • 15 May 2014
  • Credit Suisse vet joins Hazelwood in Mitsubishi’s US push

    A veteran broker at Credit Suisse in New York has left the bank after 23 years to join Mitsubishi UFJ's US office as it jumpstarts a new ABS and CLO platform.

    • 15 May 2014
  • UK government guarantees first HA bond, but most issuers shrug

    The Housing Finance Corp, a company that raises finance for smaller UK housing associations, is expected to become the first borrower to use a new government guarantee for social housing on a bond issue.

    • 15 May 2014
  • GDF Suez smashes green bond record with €2.5bn blowout

    GDF Suez issued by far the largest green bond today, with a €2.5bn deal that smashed the €1.4bn record set by Electricité de France in November. Demand for the GDF bond totalled €7.5bn.

    • 12 May 2014
  • Cicero, SEB to broaden exclusive relationship

    Cicero, the Oslo-based climate research institute, is to end its exclusive relationship with SEB in the green bond market. Talks are under way that would enable other banks — probably starting with one or a few — to start using Cicero’s services as an adviser. SEB hopes this will involve creating a wider certification platform for green bonds.

    • 08 May 2014
  • Cicero and SEB to end green bond exclusivity, build new platform

    Cicero, the Oslo-based climate research institute, is to end its exclusive relationship with SEB in the green bond market. Talks are under way that would enable other banks – probably starting with one or a few – to start using Cicero’s services as an adviser on green bonds. SEB hopes this will involve the creation of a wider certification platform for green bonds.

    • 08 May 2014
  • GDF Suez joins green bond march, Vigeo to scrutinise deal

    GDF Suez, the French power and gas group, has become the latest private sector company to announce plans to issue its first green bond. A roadshow for the euro benchmark will be held next week, and the deal will likely be issued the following week.

    • 01 May 2014