Latest news
Latest news
Euro denominated triple-As only on offer, rest of the capital stack preplaced
Trade backed by lease, power purchase agreements as sector navigates regulatory changes
Investor wanted BBB- note spread wider, market yanked it tighter
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ViViBanca has mandated Société Générale as arranger and Intesa Sanpaolo as joint-leads to price a €344.7m Italian consumer ABS deal backed by salary and pension assignment loans, Eridano II. -
The European Investment Fund has subscribed to €43m of an electric and hybrid car lease ABS from rental care company Avis, which has raised €130m via Cronus Finance, the largest non-bank Greek securitization issued to date.
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Marketplace lenders are pushing deals through the ABS pipeline in October, while also planning for the potential undoing of policy breakthroughs achieved in the last four years under a market-friendly Trump administration.
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The European Union’s formation of its Platform on Sustainable Finance last week marks a new phase in responsible investing. Over the past four years or so, the most influential thinkers in the market, such as the Principles for Responsible Investing, have been quietly moving back to an older interpretation of what RI means: considering the effects of investment choices on others.
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Concerns around disclosure of mortgage forbearance figures and payment holidays led to deals scheduled for issuance earlier in 2020 being delayed to later in the year, as issuers feared securitization investors having access to information not widely disseminated to other investors.
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US government aid for the airlines expired on Thursday, kicking off sweeping job cuts at major carriers and adding stress to an already battered industry. Nonetheless, lessors are beginning talks to tap the ABS market next year with a public deal to find stable financing as existing sources dry up, writes Jennifer Kang.
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The European Investment Bank has taken down a €2.2bn synthetic balance sheet CLO originated by Santander CIB, executing a significant risk transfer to free up exposure to a Spanish SME portfolio.
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Fitch Ratings has named North America head Rui Pereira as the global group head of structured finance and covered bonds as part of a global reshuffling.
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Cinven and CVC-owned issuer NewDay has priced its largest ever deal, increasing NewDay Partnership Funding 2020–1 by £100m and removing the Sofr-linked dollar tranche from the transaction.
