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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Volkswagen Bank priced its inaugural €500m Italian auto loan ABS deal on Friday, with demand outstripping supply for both classes of bonds offered. -
Ygrene Energy Fund is in the market with its latest Property Assessed Clean Energy (PACE) securitization, securing both a green evaluation score and credit ratings from S&P Global Ratings for the first time. Deal watchers say that participation from one of the ‘big three’ rating agencies will help boost market participation in the growing asset class.
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Solar and Property Assessed Clean Energy (PACE) market players at IMN’s Green Investing Conference in New York on Wednesday acknowledged heightened investor participation on securitizations from both asset classes over the past year, but warned issuers to move cautiously as rates rise in 2018.
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BMW Bank announced its eighth securitization of German auto loans on Tuesday, backed by an €800m static portfolio and co-led by bookrunners Commerzbank and Skandinaviska Enskilda Banken.
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Banca IFIS, an Italian lender with a large business in non-performing assets, opened books on its first rated senior bond on Tuesday, in a week in which Intesa Sanpaolo announced that a buyer was taking on its soured loans.
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Domino’s Pizza and Driven Brands have returned the ABS market with whole business deals that will help both issuers pay down existing debt.
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BioPharma Credit, a closed end investment fund that provides debt capital for the life sciences industry, raised $163.8m in a primary share placement on Thursday to fund further investment.
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Residential solar finance company Mosaic priced its first securitization of 2018 this week. The offering follows the recent departure of the firm's head of capital markets.
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Life insurance providers maintained their holdings of securitized products at a steady level last year, but many have rejigged portfolios to target higher yielding, riskier asset classes, a report from Wells Fargo said on Wednesday.
