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
More articles
More articles
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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. -
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.
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Volkswagen Bank has set guidance for its first auto securitization backed by Italian loans, while initial price thoughts for Finnish CMBS FROSN 2018 DAC have been released.
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Upgrade Inc, an online personal loan company started by former LendingClub CEO Renaud Laplanche last April, will tap the securitization market this year, sources told GlobalCapital.
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The annual LendIt event in San Francisco honed in on key themes such as financial inclusion for US consumers, rising household debt and online lenders' ABS aspirations. Meanwhile, conference goers are beginning to turn their attention to blockchain technology as LendIt’s BlockFin sister event gets underway.
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Prosper will continue to issue ABS from its long standing PMIT shelf, but is looking for new whole loan contributors for its securitizations as it eyes the end of a loan consortium agreement inked last February.
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Provident Financial, the embattled UK lender, has raised £344m though a rights issue, to pay regulatory fines and restore its balance sheet to health.
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Online lenders at the LendIt Fintech USA 2018 conference in San Francisco said they are looking at structuring longer-dated fixed income products beyond ABS to attract more interest from insurance companies and other large asset managers.
