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
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PACEfunding, a California-based residential Property Assessed Clean Energy (PACE) finance firm, has mandated Natixis to lead its first ever securitization. -
Lead managers have circulated initial price thoughts on BL Cards, an unusual credit card ABS backed by receivables from Belgium and Luxembourg that is selling a full capital structure.
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Online small business lender OnDeck announced that Ken Brause will be taking over as chief financial officer effective March 26.
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Analysts at Bank of America Merrill Lynch signalled their preference for unsecured consumer loans originated by ‘bricks and mortar’ lenders over those originated online, citing a dearth of marketplace loan performance history and weak ABS structures.
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The strong dealflow in the European ABS market continued on Monday, with two new consumer mandates hitting screens. Lloyds launched its first deal of the year, a dual-currency credit card issue, while BMW Finance mandated a French auto deal.
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The European Commission’s Sustainable Finance Action Plan, announced on March 8, involves no less than 10 different workstreams, covering a wide range of the ideas put forward by the High Level Expert Group on Sustainable Finance, which held a one year inquiry for the European Commission during 2017.
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Wunder Capital, a Colorado-based commercial and industrial (C&I) solar shop, plans to launch the industry’s first C&I solar securitization in 2019.
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BioPharma Credit, a closed end investment fund that provides debt capital for the life sciences industry, is to raise $300m through a primary placement of new shares to fund further investments.
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Skopos Financial, a lender specializing in deep subprime auto finance, is back in the securitization market after a two year pause, in which the company downsized and tightened underwriting standards.
