Latest news
Latest news
George Smith and Tom Hall break down everything you need to know about the European Commission's proposals on capital requirements, LCR and securitization regulation
NewDay and BMW also opened orderbooks
First public music royalty-backed deal since November
More articles
More articles
-
The upcoming presidential election is driving a rush by securitization issuers to get deals through the pipeline before November, when sources say election uncertainty and a potential second wave of Covid-19 infections could make for a highly volatile end to 2020. -
Funding Circle underlined the strain felt by UK small and medium sized enterprises in its half year results on Thursday, as the marketplace lender swung into a loss caused by heavy writedowns of subordinated portions of its SBOLT securitizations. But the lender also achieved strong volumes in government-guaranteed loans, which it sells off balance sheet to Chenavari Investment Management.
-
Restaurant franchise operator FAT Brands closed its second whole business securitization this year, taking advantage of favourable market conditions. The proceeds of the deal will be used to finance the $25m acquisition of burger dine-in Johnny Rockets.
-
A subsidiary of RCI Banque has mandated Crédit Agricole and Société Générale for a €1.04bn auto ABS, the first public auto lease deal from the issuer.
-
Private equity firm Cinven has mandated arrangers Bank of America along with joint leads Lloyds, Royal Bank of Canada and Société Générale for a rare insurance premium ABS deal, boasting a £1.04bn portfolio.
-
Vivint Solar is back in the ABS market, preparing a new deal two months after it was announced that it would merge with rival solar finance firm Sunrun.
-
Banque PSA Finance is set to pre-place most of its €692.1m Spanish Auto Loans 2020-1 deal with official institutions, with Santander arranging the transaction.
-
Santander priced its €520m full-cap stack significant risk transfer (SRT) deal auto deal, Santander Consumer Spain Auto 2020-1 on Wednesday.
-
More niche asset classes will make their securitization market debut in coming years as online and tech-focused companies pour into the capital markets to access new sources of financing, said ABS market participants speaking at Global ABS 2020 on Thursday.
