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
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The EU has got another piece of its Sustainable Finance Action Plan over its most important political hurdle. At 5.30am on Thursday, after an all night session that had started at 8pm, negotiators in Brussels reached a deal on the Sustainability Disclosure Regulation. The law goes further than originally planned: investors are guided to consider their impacts on the real world, as well as inward risks to their portfolios, and to conduct due diligence. -
The ‘simple, transparent and standardised’ framework for securitisations took another step forward this week when its first third-party verifier, True Sale International’s STS Verification International (SVI), was authorised by German regulator BaFin. Another verifier, Prime Collateralised Securities (PCS), is already working on deals as it awaits authorisation.
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Bank of America and Rabobank are marketing DLL UK Equipment Finance 2019-1, a sterling equipment ABS for De Lage Landen Leasing, a Rabobank subsidiary.
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Cembra Money Bank priced a Sfr250m public fixed rate domestic ABS deal backed by Swiss auto leases on Wednesday at 0.15%.
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Monday kicked off with a full ABS pipeline, with at least nine transactions across auto, student loan, equipment and handset securitizations worth $6bn slated to be priced this week.
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Residential solar installer Sunrun is aiming to refinance a portion of "seasoned assets" by midyear as advance rates on rooftop-mounted arrays march upward and the cost of capital for such assets continues to decline.
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The capital markets look ready to assume more insured risk related to terrorist attacks, after UK reinsurer Pool Re, which has a government guarantee, placed the first catastrophe bond specifically covering the peril. The organisation's equivalents in other countries could consider issuance, writes Jasper Cox.
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A group of nine NGOs, trade unions and other civil society groups have got together to produce an independent white paper setting out in detail how they believe the European Union’s Sustainable Finance Action Plan should progress. It calls on the EU to push ahead with the Plan, only some of whose targets have been acted on so far, and to take it further and deeper.
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The market for whole business securitizations has been a star among other esoteric ABS assets in the past year, according to panelists speaking on Sunday, and a shifting investor base, heavy trading volume in secondary and stable issuance should keep the engine running for the remainder of 2019.
