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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'Bowie bonds' were a pioneering innovation in the 1990s, allowing David Bowie to monetise his royalty revenues up front. But few artists ended up following his lead. Since the streaming revolution swept the music industry, however, securitizing songs has become more viable once again. -
Point of sale lender Affirm is returning to the securitization market after taking the stock market by storm in early January, when it raised $1.2bn though an initial public offering. Affirm says it will bring bigger deals to market as it grows in scale.
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Sunnova is returning to the securitization market with a residential solar loan transaction after a three-month hiatus. The solar sector is expected to reach new heights this year, with sources predicting total issuance volume of $2bn or more.
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Natixis on Monday promoted Peter Cui to head of structured credit syndicate in its European business, replacing Dimitris Papadopoulos who left to run CLO origination and syndication at Credit Suisse in September last year.
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Prestige Capital Management, a UK fintech lender, has become one of the first firms to sell on a warehouse backed by UK SME loans originated under the government’s Coronavirus Business Interruption Loan Scheme (CBILS).
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Small ticket equipment lender GreatAmerica is preparing a $630m transaction, returning to a sector still weighed down by a small business-heavy borrower base impacted by government-mandated shutdowns.
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Trafigura returned to the bond market in euros this week, having been absent since 2015. The commodities trading giant is diversifying its access to funding and is also producing its debut Schuldschein issue alongside the €400m bond.
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Property Assessed Clean Energy (PACE) lenders are starting to hear rumblings of consolidation, a sign of a maturing industry. The mergers and acquisitions are expected to leave a smaller number of stronger national players to roam the market.
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NewDay has streamlined its credit card ABS offering by setting up a master issuer within its existing master trust vehicle, to smooth out deal execution.
