Latest news
Latest news
◆ Issuance abounds despite Iran-Israel escalation ◆ European securitization regulatory proposals unveiled ◆ A digital first for sovereign bonds
The EC’s regulatory proposals for securitization are broadly positive, but some reforms are questionable
While generally positive, some proposals are raising concerns
More articles
More articles
-
US residential solar company Solar Mosaic is returning with a securitization backed by a pool of prime consumer loans. The issuer surpassed $4bn in loans funded through its platform in February, and hopes to continue pushing the solar asset class into the mainstream. -
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.
-
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).
-
Marine container company Seaco is issuing the fifth container securitization of 2021, riding the wave created by recovering container trade volumes, utilisation rates and steel prices.
-
Investors are warming to aircraft ABS as a way to play the pandemic recovery, after the early successes of Covid-19 vaccination programmes brought hopes of blue skies ahead for the aviation industry. Jennifer Kang reports.
-
Securitizations with the ‘simple, transparent and standardised’ (STS) label have definitively started pricing better than non-STS deals for the first time since the framework’s launch in 2019, said Santander managing director Steve Gandy, speaking at Afme’s 12th Annual Spanish Capital Markets Virtual Conference.
-
Auto spreads in the European ABS market have tightened to levels not seen since 2018 after Volkswagen Bank priced its German lease deal, VCL 32, at a discount margin of 15bp over one-month Euribor on Wednesday.
-
Nuveen is breaking into the property assessed clean energy (PACE) market through its acquisition of Greenworks Lending. According to Nuveen, this is the outcome of a long-term relationship it has forged with Greenworks since 2017, when the lender issued the first ever C-PACE securitization with Nuveen as the lead investor.
