Latest news
Latest news
Third deconsolidation RMBS from a UK challenger bank since November
Parliament’s draft amendments are kinder to the market than Commission's
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Members of the European Parliament are planning to add a controversial ‘non-sustainable’ category to the Taxonomy of Sustainable Economic Activities proposed last year by the EU Commission. Two Brussels sources have told GlobalCapital the Parliament's vote on the issue, scheduled for Wednesday February 20, has been postponed after heavy pressure from corporate lobbyists. -
A €360.25m CLO from BlueMountain Capital, BlueMountain Fuji Eur CLO IV, was priced on Monday with the senior notes coming in at 108bps over three month Euribor, continuing the run at that level for all new CLOs to be sold so far this year.
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Opel Vauxhall raised £526.35m of three year funding through a privately placed UK auto ABS on Friday, as nervousness about Brexit and UK consumer credit took public market execution off the table.
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A trio of equipment ABS transactions hit the primary market as January ended, with CNH Industrial Capital pricing a deal on Tuesday and Volvo and GreatAmerica Financial Services readying their own offerings.
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Marketplace lender Prosper sold its first unsecured consumer loan ABS deal on Thursday, the sixth offering from its long running PMIT shelf and the smallest from the issuer to date.
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M&G Investments has hired Vincent Charles-Gervais as a portfolio manager within its ABS team.
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The European Central Bank has slapped the institutions under its supervision with deadlines for dealing with their stocks of non-performing loans, giving the weakest lenders up to 2027 to raise their coverage levels to 100%. The revelation hit Italian banks hard in the market this week, though some commentators said that the new recommendations should hardly have come as a shock to investors.
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Aviation ABS performance will decline in 2019, hit by by rising credit concerns, late cycle behaviour and stiff competition between a handful of new, smaller lenders.
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Marketplace lender SoFi is readying its first student loan securitization of the year.
