Latest news
Latest news
When loans' LTVs hit 80%, Bitcoin stakes are liquidated in seconds
Equipment ABS issuance gathers momentum as investors appreciate diversification
US market remains the model as template issuance takes shape
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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.
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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.
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Fintech asset manager Pagaya hired Peter Silberstein as head of capital development, the latest addition to its asset management division. Pagaya has added five team members in the last six months, including head of originations and head of structured products.
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The auto ABS sector has begun humming with activity in a busy securitization market, with VW Bank opening the books for its latest VCL transaction on Monday, alongside the announcement of a LeasePlan deal.
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Boudewijn Dierick, BNP Paribas’ head of ABS and covered bonds, is leaving the bank to join Auxmoney, a German consumer lender which set up a €500m warehouse with BNP Paribas in November.
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DataBank, a subsidiary of data centre firm Digital Bridge, is preparing an inaugural securitization. This is the fourth Digital Bridge company to tap the ABS market amid growing appetite for infrastructure assets.
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Belgian point-of-sale lender Buy Way Personal Finance is bringing a rare public securitization of consumer loans backed by assets in both Belgium and Luxembourg. The deal is only the fourth Belgian transaction issued since 2008.
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The EU Commission is rushing to untangle legislation that would have stopped EU investors from buying Australian securitizations or covered bonds, after the country ended up on the EU’s list of non-cooperative tax jurisdictions.
