Last week’s Another Fine Mezz was struck down by technical glitches, and more tech troubles delayed this week’s episode. But this episode is worth the wait because Thomas Hopkins, GlobalCapital’s new CLO reporter, makes his Another Fine Mezz debut in it.
Thomas has had a busy start with CLOs coming thick and fast, particularly resets. The economics make sense for trades just exiting their non-call periods as well as older vintages. All in all, it has been a bumper 2025, with this year’s reset volume already €10bn ahead of 2024.
There’s been plenty in ABS to keep the other Tom busy as well, from French RMBS master trusts to standalone Portuguese credit cards.
Thomas is not the only one making a debut this week. GlobalCapital has launched Asset Backed Monitor (check it out here!), SilverPoint is marketing its first euro CLO, Beequip is marketing its first public ABS, StrideUp is selling its first UK RMBS, Capital on Tap is out with the first deal from its new master trust, Santander is selling mezz notes for its debut Austrian consumer ABS, and Barclays is selling the first securitization of Admiral-originated loans.
The GlobalCapital team has also been out and about amid a busy conference season. Thomas was at Opal’s CLO Summit on October 8 and Elfa’s annual conference on October 15.
The globetrotting will continue next week, as our US reporters, Chadwick Van Estrop and Pooja Sarkar, will be in Miami for FT Live’s ABS East. Reach out to them for a meeting!