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GC Asia
Securitization
Affirm makes quick comeback to ABS with non revolver
Affirm has returned with the second securitization of 2021, establishing itself as a prolific repeat issuer in less than a year since its debut.
20 Apr 2021
Securitization
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CLO/CDO
CLO equity distributions back to pre-Covid levels, BofA said
The CLO market is putting the pandemic behind it, with equity distributions at almost pre-Covid time and structures back to the standard of early 2020.
20 Apr 2021 -
The View
Divergence on ABS is healthy, just don't touch STS
As the securitization regimes in the UK and the EU begin to diverge, the changes made so far will do little long-term damage and there are even potential benefits, as long as rule makers on both sides of the English Channel stay true to the 'simple, transparent and standardised' (STS) principle.
20 Apr 2021 -
CMBS
Israeli sponsor supports UK hotel CMBS as lockdown exit nears
Israeli investor Amir Dayan is injecting more financing into a hotel-backed CMBS made up of 17 Holiday Inn and three Crowne Plaza hotels distributed across the UK, as the government toys with opening up the country’s tourism sector.
20 Apr 2021 -
People News
Cooke leaves Lloyds securitized products group
Matt Cooke, head of the securitized products group at Lloyds, has resigned from the bank, GlobalCapital understands.
20 Apr 2021 -
SRI / Green Bonds
Germany, Belgium join battle over Taxonomy credibility as it goes to wire
Hectic negotiations and lobbying are going on at the European Commission about the Taxonomy of Sustainable Economic Activities, in the last day before it is due to publish the detailed rules.
20 Apr 2021 -
People & Markets
BlueBay hires CLO portfolio manager from Challenger
BlueBay Asset Management has hired a portfolio manager to its structured credit and CLO management team, bringing in Tom Mowl from his previous position as senior portfolio manager at Challenger Investment Partners.
20 Apr 2021 -
Securitization
BMW opts for simple structure for new auto lease ABN
China-based Herald International Financial Leasing Co, a unit of BMW Group, has returned to the onshore securitization market.
20 Apr 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.
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BHG preps second healthcare loan ABS
Bankers Healthcare Group (BHG) is returning with its second securitization backed by loans made to high-earning medical professionals. The healthcare consumer lender is expected to see its newest deal well subscribed, considering its popularity last year and its relatively high yield ranging from 2% to 5%.
19 Apr 2021
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Quick links:
Europe news
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Divergence on ABS is healthy, just don't touch STS
As the securitization regimes in the UK and the EU begin to diverge, the changes made so far will do little long-term damage and there are even potential benefits, as long as rule makers on both sides of the English Channel stay true to the 'simple, transparent and standardised' (STS) principle.
20 Apr 2021 -
Israeli sponsor supports UK hotel CMBS as lockdown exit nears
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Germany, Belgium join battle over Taxonomy credibility as it goes to wire
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BlueBay hires CLO portfolio manager from Challenger
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Banca Progetto adds to Italian CQS securitization flow
US news
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Affirm makes quick comeback to ABS with non revolver
Affirm has returned with the second securitization of 2021, establishing itself as a prolific repeat issuer in less than a year since its debut. A growing number of market players are paying closer attention to Affirm for its speedy execution and are anticipating that more buy-now pay-later lenders will emerge in the ABS market.
20 Apr 2021 -
BHG preps second healthcare loan ABS
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Biden infrastructure plan boosts equipment ABS outlook
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Diamond prices timeshare ABS as domestic travel prospects improve
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DBRS Morningstar launches esoteric finance team
Asia news
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BMW opts for simple structure for new auto lease ABN
China-based Herald International Financial Leasing Co, a unit of BMW Group, has returned to the onshore securitization market. It switched to a straightforward two-tranche structure for the Rmb3bn ($461m) auto lease asset backed notes (ABN), pricing the senior tranche at a competitive spread.
20 Apr 2021 -
Dongfeng Peugeot drives into ABS market on sales rebound
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Dongfeng Peugeot returns to China ABS after hiatus
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Dongfeng Nissan parks new ABS amid yield fall
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FAF squeezes pricing with internationally rated ABS
ABS
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Divergence on ABS is healthy, just don't touch STS
As the securitization regimes in the UK and the EU begin to diverge, the changes made so far will do little long-term damage and there are even potential benefits, as long as rule makers on both sides of the English Channel stay true to the 'simple, transparent and standardised' (STS) principle.
20 Apr 2021 -
Germany, Belgium join battle over Taxonomy credibility as it goes to wire
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BHG preps second healthcare loan ABS
RMBS
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‘Trench warfare’ as vultures swoop on Irish NPLs
Private equity "vulture funds" are tightening their grip on Ireland after a Covid-19 parliamentary bill opened up more mortgages for repossession. But legal practitioners are working with non-profits to stop PE firms from “scraping the barrel” of defaulted mortgage debt.
15 Apr 2021 -
Extension risk returns as Pimco skips RMBS calls
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EU reboots NPL rules as bad debt looms
CMBS
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Israeli sponsor supports UK hotel CMBS as lockdown exit nears
Israeli investor Amir Dayan is injecting more financing into a hotel-backed CMBS made up of 17 Holiday Inn and three Crowne Plaza hotels distributed across the UK, as the government toys with opening up the country’s tourism sector.
20 Apr 2021 -
Buyers eye UK retail assets as high street reopens
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BOAD president seeks to bolster bank finances in aim to support regional recovery
CLO/CDO
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CLO equity distributions back to pre-Covid levels, BofA said
The CLO market is putting the pandemic behind it, with equity distributions at almost pre-Covid time and structures back to the standard of early 2020.
20 Apr 2021 -
BlueBay hires CLO portfolio manager from Challenger
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Shenkman returns to CLO mart after 2020 absence
People & Markets
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Cooke leaves Lloyds securitized products group
Matt Cooke, head of the securitized products group at Lloyds, has resigned from the bank, GlobalCapital understands.
20 Apr 2021 -
Germany, Belgium join battle over Taxonomy credibility as it goes to wire
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BlueBay hires CLO portfolio manager from Challenger
Asia
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BMW opts for simple structure for new auto lease ABN
China-based Herald International Financial Leasing Co, a unit of BMW Group, has returned to the onshore securitization market. It switched to a straightforward two-tranche structure for the Rmb3bn ($461m) auto lease asset backed notes (ABN), pricing the senior tranche at a competitive spread.
20 Apr 2021 -
Dongfeng Peugeot drives into ABS market on sales rebound
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Dongfeng Peugeot returns to China ABS after hiatus
Special reports
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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
