Latest news
Latest news
ABS market not the cheapest cost of financing for issuer of first ever trade in the asset class
Revival of high LTV mortgage lending is creating an opportunity for more SRT and deconsolidation transactions
Trade follows the end of a joint venture to originate loans
More articles
More articles
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Investors are warming to aircraft ABS as a way to play the pandemic recovery, after the early successes of Covid-19 vaccination programmes brought hopes of blue skies ahead for the aviation industry. Jennifer Kang reports. -
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.
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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.
