Latest news
Latest news
January's ABS data center deals see tenant numbers drop but demand remains strong
Deals including some commercial mortgages expected to follow
Deal was priced 6bp tighter than most recent iteration of the asset class
More articles
More articles
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The Green and Social Bond Principles organisation published the first new version of the Green Bond Principles since 2018 on Thursday. It strengthens the recommendations that issuers publish a bond framework and obtain an external review, and encourages issuers to communicate about their organisation-wide sustainability efforts, not just the assets linked to the labelled bond. -
The US aircraft ABS market is recovering at a faster pace than anticipated, bolstered by increasing vaccination rates and a pent-up desire to travel ahead of the summer months. However, the biggest driver for investor demand is the structural changes in recent deals, with pristine collateral, shorter debt coverage ratios and robust skin in the game.
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On Thursday, BNP Paribas announced Autonoria Spain 2021, an STS deal aiming to achieve significant risk transfer through a full cap-stack offering. Only one triple-A rating is listed on the senior notes, but investors say demand is still high for the deal.
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Bank of America has set up an EMEA ESG strategic council chaired and led by three senior investment bankers, to intensify its effort to reduce its carbon footprint and manage its climate risks.
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Diamond Communications priced a cell tower securitization on Tuesday afternoon, to finance a portion of its $1.6bn acquisition of Melody Wireless.
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Last week, Toyota revealed it was tapping the ABS market with a new deal backed by loans and leases for vehicles that meet its green bond framework. More specifically, the proceeds of the transaction goes towards funding new loans and leases for green vehicles.
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GoodLeap last week, formerly called Loanpal until last week, is issuing the first ever ABS deal backed by a portfolio which includes home efficiency loans, according to a pre-sale report issued on Friday.
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On Monday, Deutsche Leasing, a subsidiary of the local government-backed Savings Bank Finance Group, brought a new equipment securitization transaction to market.
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The UK is reforming its treatment of special purpose vehicles in an attempt to make itself appear more business-friendly. However, in its attempts to open up the asset class, regulators could inadvertently tie up the market in red tape, as shown by its recent consultation over the possibility of including shares in ABS collateral.
