Latest news
Latest news
ABS market not the cheapest cost of financing for issuer of first ever trade in the asset class
Revival of high LTV mortgage lending is creating an opportunity for more SRT and deconsolidation transactions
Trade follows the end of a joint venture to originate loans
More articles
More articles
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The US Federal Emergency Management Agency (FEMA) has returned to the catastrophe bond market to manage risk in its flood insurance programme. The agency is resorting to the insurance-linked security market as it looks to change its financial model. -
ICAP Energy has appointed Nicholas Ernst and Eric Ernst to spearhead a drive into the weather derivatives market.
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Younited Credit is preparing to issue the €156m Youni 2019-1, the first non-UK marketplace loan securitization to be sold in Europe.
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Kenny Rosenberg, part of the syndicate team on Barclays’ heavyweight ABS desk in New York, will be leaving for Morgan Stanley as the US bank looks to boost its position as an ABS arranger.
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The White House on March 18 announced proposals to limit the amount of government student loans available to individual borrowers, a reform of the Higher Education Act meant to curb soaring student debt and which will likely result in a jump in private student loan ABS issuance.
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Capital market specialists are good at living with radical uncertainty. Just as banks and investors carried on calmly trading US Treasuries through successive debt ceiling crises, they are now displaying similar sangfroid about Brexit.
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Bank of America Securities and Rabobank published price guidance for DLL UK Equipment Finance 2019-1 on Monday, with the senior notes being offered at 85bp-90bp over one month Libor.
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Deutsche Bank has signalled its commitment to maintaining a “strong capital markets business” after admitting it has begun formal merger talks with smaller rival Commerzbank.
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Both the nature and timing of the European Union’s planned Taxonomy of Sustainable Economic Activities are in doubt. Conservative members of the European Parliament this week voted down an ambitious draft of the bill, and some nation states appear reluctant to push the Taxonomy bill through to the statute book before the European elections in May, writes Jon Hay.
