Latest news
Latest news
Third deconsolidation RMBS from a UK challenger bank since November
Parliament’s draft amendments are kinder to the market than Commission's
More articles
More articles
-
Investors are seeing more personal loan ABS residuals trading as the asset class expands and liquidity improves. After seeing how the loans performed through the pandemic, more market participants feel comfortable going down the capital stack in marketplace loans. -
Crédit Agricole has struck a new synthetic risk transfer deal with the International Finance Corporation, in which it will shed about 90% of the risk on $4bn of emerging market trade finance loans. The IFC expects to use securitization more to help banks in developing countries cope with the effects of the coronavirus pandemic.
-
Small business ABS lender OnDeck has returned to the market for the first time after it was acquired by consumer credit lender Enova. OnDeck’s new transaction is structurally more conservative than past deals and does not include a concentration limit on lines of credit loans, which historically perform better than the term loan product.
-
The auto ABS pipeline remains robust with Consumer Portfolio Services pricing a subprime auto securitization, immediately following back to back pricing of three other auto issuers mid last week. Despite the heavy supply, investors are eager to digest more auto paper, both prime and subprime, market participants said.
-
SME risk transfer deals are returning to the capital markets, after a year in which few private investors were keen to take subordinated SME risk in Europe's periphery, leading to increased reliance on the European Investment Fund to anchor deals.
-
One of the corporate bond market’s most experienced funding officials is to leave the market next month.
-
Market participants will embark in the coming weeks on the difficult task of working out how to use the European Union’s sustainable finance Taxonomy, after the first criteria were published this week. In doing so, they will be conscious that the smooth tide of green finance is now breaking against the hard reality of power politics and resistance by fossil fuel industries — a clash that is rocking the Taxonomy’s credibility, writes Jon Hay.
-
Mercedes-Benz bank has priced its Silver Arrow 13 transaction at 11bp over one month Euribor, setting a post-global financial crisis record low for German auto ABS spreads.
-
Restaurant franchise operator FAT Brands priced a private $144m whole business securitization, its latest move to secure additional capital for its acquisition growth strategy. The transaction closed a day early due to oversubscription, according to sources familiar with the matter.
