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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Ygrene completed its first property assessed clean energy (PACE) securitization of the year, a transaction backed by a mix of residential and commercial loans. As one of the most consistent and largest renewables issuers, Ygrene has pushed total sector issuance volume beyond that of both 2019 and 2020.
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Asset managers such as Tikehau Capital are increasingly targeting their securitization offerings at pension fund investors, enticing buyers with steady returns which stand out against other products squeezed by the broader low interest rate backdrop. -
Oplo, a consumer lender backed by Pollen Street Capital, has mandated Citi for a no-deal roadshow in advance of its launch of a public ABS securitization platform.
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Bankers Healthcare Group (BHG) is eyeing new sectors to expand into beyond its current offerings, including home improvement and point of sale lending. The company recently completed its second securitization backed by a mix of commercial and consumer loans, which served as a helpful barometer for testing the market appetite for similarly structured consumer products that BHG is looking to launch later this year.
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The Senate voted to overturn the 'true lender' law, a rule which makes it easy for non-bank marketplace lenders to originate loans through banks. Though the rule is unlikely to be rescinded, the efforts to roll it back show that pressure will remain on marketplace lenders, as states challenge federal regulations that they see as infringing on their licensing and usury laws.
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The Daimler-owned Dutch auto ABS shelf is seeing new life for the first time in six years with the Silver Arrow Athlon 2021-1, only the seventh Dutch auto deal issued since the financial crisis.
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Rental car company Avis is looking to get a securitization deal done for the first time since its blockbuster deal in August 2020. Despite the headwinds of the pandemic, the firm achieved its best Ebitda margin ever in the first quarter thanks to aggressive cost cutting measures and returning demand for travel.
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Trinity Industries has priced its first railcar ABS transaction designated as a green bond, from a recently established green ABS framework. As one of the very few labelled US ABS deals outside of solar or PACE, the Trinity transaction enjoyed high demand from traditional and non-ABS investors.
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Peter Zirwes, the highly regarded head of corporate finance at Daimler, Europe’s second biggest corporate bond issuer, will retire at the end of August. This follows an eventful career that has spanned bouts of transformative M&A.
