Toyota Motor Finance (China) Co has sealed the senior tranches of its auto ABS deal at negative spreads to onshore benchmarks thanks to strong backing from Japanese investors, putting the post-Chinese New Year securitization market on strong footing.
Antares Capital has priced a jumbo reset, giving a new lease of life to its $2.1bn middle-market CLO originally issued in 2017.
Global Jet Capital has returned to the ABS market after a four-month hiatus, another culmination of strong secondary market volume and investor demand observed in the last six months.
Piraeus Bank has agreed its largest NPL sale to date, with debt purchasing firm Intrum AB agreeing to buy 30% of the mezzanine notes in the securitization of the €4.9bn portfolio.
DenizBank is using its diversified protection rights (DPR) securitization programme to funnel cash into women-led businesses and renewable energy, snaring a $100m loan from the European Bank for Reconstruction and Development (EBRD).
Spread tightening on double-Bs tranches has created a domino effect, increasing the investor demand for the riskier tranches rated single-B.
Marine container company Seaco is issuing the fifth container securitization of 2021, riding the wave created by recovering container trade volumes, utilization rates and steel prices.
Banks could return to securitization markets in the second half of the year, raising hopes of a revival in STS supply, as issuers who have previously printed deals with the quality stamp look to replace funding as it rolls off, and treasury teams look to purchase high quality RMBS for their investment portfolios.
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.
UK Asset Resolution has sold the last of its mortgages to Pimco and Davidson Kempner (DK) and the legal holding companies of Northern Rock and Bradford & Bingley, ending the UK government's involvement in the crisis-stricken lenders and closing the book on the 2008 bailouts.
Piraeus Bank has agreed its largest NPL sale to date, with debt purchasing firm Intrum AB agreeing to buy 30% of the mezzanine notes in the securitization of the €4.9bn portfolio.
Toyota Motor Finance (China) Co has sealed the senior tranches of its auto ABS deal at negative spreads to onshore benchmarks thanks to strong backing from Japanese investors, putting the post-Chinese New Year securitization market on strong footing.
Global Jet Capital has returned to the ABS market after a four-month hiatus, another culmination of strong secondary market volume and investor demand observed in the last six months. However, some investors are still scratching their heads over whether they are getting paid appropriately for the risks.
Piraeus Bank has agreed its largest NPL sale to date, with debt purchasing firm Intrum AB agreeing to buy 30% of the mezzanine notes in the securitization of the €4.9bn portfolio.
Together, the specialist mortgage lender, is bringing a unique UK securitization with a portfolio combining buy-to-let residential properties and commercial real estate, a first of its kind for the market.
Antares Capital has priced a jumbo reset, giving a new lease of life to its $2.1bn middle-market CLO originally issued in 2017.
The synthetic risk transfer market helped some of Europe’s biggest banks dodge loan losses last year, with Barclays saving more than £300m and Deutsche at least €150m. But the backdrop last year led to investors taking a tougher line on writing new credit protection, steering clear of pools with limited disclosure and hoping to dodge the most damaged sectors.
Toyota Motor Finance (China) Co has sealed the senior tranches of its auto ABS deal at negative spreads to onshore benchmarks thanks to strong backing from Japanese investors, putting the post-Chinese New Year securitization market on strong footing.
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