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
-
The World Bank has priced $1.36bn of catastrophe bonds to provide earthquake protection to Mexico, Chile, Colombia and Peru, despite bondholders losing their principal on Mexico’s last cat bond after a quake in September. -
Bonds backed by car loans made to subprime borrowers have remained a hot sector of the securitization market, as buyers say the asset class cruised through broader market volatility this week and that spreads have room to grind tighter.
-
Mick Mulvaney, the acting director at the Consumer Financial Protection Bureau (CFPB), has appointed Kirsten Sutton Mork as the new chief of staff.
-
UniCredit on Wednesday announced the completion of the second phase of its “failure is not an option” (FINO) plan to reduce its non-performing loan exposure and obtain recognition of “Significant Risk Transfer” by the end of March.
-
Student loan servicer Navient has rolled out a student loan refinancing securitization, the first such deal from the issuer since acquiring online student lender Earnest, as it moves away from loans originated via the Federal Family Education Loan Program (FFELP).
-
In the week Belgium announces its first green bond roadshow, the national motto (Eendracht maakt macht in Dutch) aptly captures the real importance of the European Commission’s new roadmap on sustainable finance, which lays out a panoply of actions Europe could take to green its financial system. That is: unity makes strength.
-
Vantage Data Centers is in the market with an unusual securitization backed by real estate and tenant lease payments on wholesale data centers.
-
A fund controlled by investment manager Angel Oak Capital Advisors has closed a rare, $155.2m securitization backed by subordinate debt issued by 25 community banks.
-
Tesla’s first outing in the securitization market was greeted with much fanfare from investors, with the electric car maker pricing its deal on Thursday to huge demand.
