Latest news
Latest news
Triple-A rated CLO spreads tighten at last and a template is established for European data centre ABS
Andrew Burgess worked at Prytania for 16 years
Public versus private distinction scrapped for disclosure plus new, simplified templates for mature asset classes
More articles
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Consumer ABS issuance is expected to accelerate this week after a slow start in January, with a number of deals lining up on Monday and investors waiting eagerly to put money to work in the new year. -
Société Générale has entered into a $40m cross currency total return swap with Fidelity Bank, the Ghanaian lender, in a trade that participants hope will unlock Ghanian cedi-denominated securities as collateral for further dollar funding.
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Capital markets veteran Sandeep Agarwal speaks to GlobalCapital about his decision to leave the sector after a period of more than 20 years, reflecting on what he describes as the "best learning experience" he could have asked for following the financial crisis. As he prepares for a new challenge outside of banking, Agarwal warns that the industry is not "out of the woods yet".
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The European Central Bank has asked Banca Monte dei Paschi di Siena to raise the coverage levels for its stock of non-performing loans, leading to fears in the market about the Italian lender’s ability to meet its supervisory capital ratios.
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Auto ABS issuers are moving nearly $5bn in new deals through the pipeline to kick of the new year, with GM Financial pricing the first deal of 2019.
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Delinquency rates of 30 or more days for US credit cards have been on the rise over the past three years, despite a healthy labor market, driving card issuers to tighten their underwriting criteria even as the economy continues to accelerate.
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FMS Wertmanagement is planning to issue its first Sofr-linked issue in 2019, which will be sold to the money markets in the form of asset-backed commercial paper.
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Hercules Capital, a firm specializing in making loans to venture capital backed companies in the life sciences sector, is preparing a new ABS offering.
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A last-ditch reprieve for the asset-backed commercial paper market late last year saved European banks running securitization conduits from a huge drawing on their liquidity reserves — but details of the fix are still being hashed out.
