.png){kind=logo}
GC Asia
ABS
Avis returns with first rental car ABS of 2021
Rental car company Avis is looking to get a securitization deal done for the first time since its blockbuster deal in August 2020.
10 May 2021
Securitization
-
CLO/CDO
CLO senior spreads tighten again with Invesco
Spreads on triple-A notes have once again begun to tighten, following a pause while the market digested the heavy flow of new supply.
10 May 2021 -
RMBS
The Irish canary: first European country to end mortgage holidays holds breath
Ireland has become the first country in Europe to end mortgage payment holidays, with arrears dropping off towards the end of 2020.
10 May 2021 -
Securitization
Auto trio kick off busy week for China ABS
China’s auto loan ABS market reopened strongly in May after a quiet few weeks, with SAIC-GMAC Automotive Finance Co, Volkswagen Finance (China) Co and domestic originator FAW Auto Finance Co all looking to price deals this week.
10 May 2021 -
CLO/CDO
CLO managers look to fat triple-Bs to boost insurance appeal
Investor appetite for triple-B CLO notes has been a powerful lever encouraging managers to tweak regular CLO structures to boost the size of this tranche and diverting excess spread to shore up the rating.
06 May 2021 -
Covered Bonds
Bankers divided on EBA’s LGD consultation
The European Banking Authority’s consultation assessing risk weights and loss given default of mortgage risk has drawn a mixed response from bankers, with some suggesting the regulator was angling for higher capital charges, while others came to the opposite conclusion.
06 May 2021 -
ABS
Trinity prices inaugural ESG-linked railcar bonds
Trinity Industries has priced its first railcar ABS transaction designated as a green bond, from a recently established green ABS framework.
06 May 2021 -
CLO/CDO
First UK SME CLO in the works after senior funding deal
UK small business lender SME Capital could bring one of the first true SME CLO deals in Europe to market, once it builds up a large enough pool of collateral.
06 May 2021
EUROPEAN SECURITIZATION AWARDS 2021
European Securitization Awards 2021 - find out more!
Following the success of last year’s event in March, GlobalCapital is once again asking for nominations for its European Securitization Awards, acknowledging the achievements made in the last 2020 year.
-
 from him for use 575x375.jpg)
Daimler corporate finance head to retire after shaping new structure
Peter Zirwes, the highly regarded head of corporate finance at Daimler, Europe’s second biggest corporate bond issuer, will retire at the end of August. This follows an eventful career that has spanned bouts of transformative M&A.
06 May 2021
-
Quick links:
Europe news
-
The Irish canary: first European country to end mortgage holidays holds breath
Ireland has become the first country in Europe to end mortgage payment holidays, with arrears dropping off towards the end of 2020. RMBS investors are eager to see whether moratoriums turn to future defaults — and whether this will hit other countries as their repayment rest periods come to an end.
10 May 2021 -
Bankers divided on EBA’s LGD consultation
-
Daimler corporate finance head to retire after shaping new structure
-
The days of swift evictions are over after Covid
-
UK launches 'debt freeze' protecting borrowers
US news
-
Avis returns with first rental car ABS of 2021
Rental car company Avis is looking to get a securitization deal done for the first time since its blockbuster deal in August 2020. Despite the headwinds of the pandemic, the firm achieved its best Ebitda margin ever in the first quarter thanks to aggressive cost cutting measures and returning demand for travel.
10 May 2021 -
Trinity prices inaugural ESG-linked railcar bonds
-
Cordray to take over $1.6bn federal student loan portfolio
-
Upstart readies largest ABS to date
-
LendingClub reports significant funding, origination cost savings in Q1
Asia news
-
Auto trio kick off busy week for China ABS
China’s auto loan ABS market reopened strongly in May after a quiet few weeks, with SAIC-GMAC Automotive Finance Co, Volkswagen Finance (China) Co and domestic originator FAW Auto Finance Co all looking to price deals this week.
10 May 2021 -
BMW opts for simple structure for new auto lease ABN
-
Dongfeng Peugeot drives into ABS market on sales rebound
-
Dongfeng Peugeot returns to China ABS after hiatus
-
Dongfeng Nissan parks new ABS amid yield fall
ABS
-
Avis returns with first rental car ABS of 2021
Rental car company Avis is looking to get a securitization deal done for the first time since its blockbuster deal in August 2020. Despite the headwinds of the pandemic, the firm achieved its best Ebitda margin ever in the first quarter thanks to aggressive cost cutting measures and returning demand for travel.
10 May 2021 -
Trinity prices inaugural ESG-linked railcar bonds
-
Daimler corporate finance head to retire after shaping new structure
RMBS
-
The Irish canary: first European country to end mortgage holidays holds breath
Ireland has become the first country in Europe to end mortgage payment holidays, with arrears dropping off towards the end of 2020. RMBS investors are eager to see whether moratoriums turn to future defaults — and whether this will hit other countries as their repayment rest periods come to an end.
10 May 2021 -
Bankers divided on EBA’s LGD consultation
-
EBA revises NPL data plan which could become compulsory
CMBS
-
Mars Capital sells Irish risk as Arrow buyout heats up
Mars Capital, now a subsidiary of Arrow Global, has probably sold controlling positions in two Irish reperforming loan portfolios, securitized in RMBS transactions Grand Canal 1 and 2, with the Grand Canal 1 portfolio rapidly returning to the market in a Morgan Stanley-backed deal announced on Wednesday. The move comes as TDR Capital’s bid for Arrow heats up, with shareholders now ready to vote on approval.
29 Apr 2021 -
Goldman launches CMBS funding Stena’s portfolio sale to Fortress
-
Israeli sponsor supports UK hotel CMBS as lockdown exit nears
CLO/CDO
-
CLO senior spreads tighten again with Invesco
Spreads on triple-A notes have once again begun to tighten, following a pause while the market digested the heavy flow of new supply. Market participants expect further tightening could follow from June.
10 May 2021 -
CLO managers look to fat triple-Bs to boost insurance appeal
-
First UK SME CLO in the works after senior funding deal
People & Markets
-
Daimler corporate finance head to retire after shaping new structure
Peter Zirwes, the highly regarded head of corporate finance at Daimler, Europe’s second biggest corporate bond issuer, will retire at the end of August. This follows an eventful career that has spanned bouts of transformative M&A.
06 May 2021 -
EBA revises NPL data plan which could become compulsory
-
Redding Ridge hires from JP Morgan and Cadwalader
Asia
-
Auto trio kick off busy week for China ABS
China’s auto loan ABS market reopened strongly in May after a quiet few weeks, with SAIC-GMAC Automotive Finance Co, Volkswagen Finance (China) Co and domestic originator FAW Auto Finance Co all looking to price deals this week.
10 May 2021 -
BMW opts for simple structure for new auto lease ABN
-
Dongfeng Peugeot drives into ABS market on sales rebound
Special reports
-
Japan in the Capital Markets April 2021
16 Apr 2021 -
The Canadian Covered Bonds Roundtable
15 Apr 2021 -
The Crédit Agricole CIB ESG Loan Roundtable
30 Mar 2021 -
The HSBC Asia high yield bond roundtable
08 Feb 2021 -
Review of the Year 2020
17 Dec 2020 -
Investing in Indonesia
17 Dec 2020 -
The LBBW Public Sector Issuers’ Roundtable
11 Dec 2020 -
The Standard Chartered high yield bond roundtable
07 Dec 2020
