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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EIB Group, which comprises the European Investment Bank and the European Investment Fund, has carried out a synthetic securitization with Crédit Agricole CIB to support French SME and intermediate-size-enterprise (ISE) lending, injecting roughly €1.1bn into the economy. -
Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau (CFPB), announced a wave of changes to rules overseen by the agency this week, including a potential revision of the Payday Rule, in addition to seeking public input on the agency’s operations.
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Fast food chain Sonic Drive-In is marketing a securitization this week, with executives saying this month that they would be looking to lock in a “favorable” interest rate to refinance a 2016 deal.
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Apollo Aviation is opening the 2018 aircraft ABS pipeline with a $442m securitization, but the deal’s exposure to emerging market obligors poses risks.
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Subprime auto lender Avid Acceptance LLC is lining up an inaugural securitization as the 2018 new issue pipeline builds and as industry observers anticipate the ABS market skewing towards “deep subprime” issuers.
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Green bond issuers could be encouraged with a payment from the government if the bond finances a reduction in carbon dioxide emissions, according to a report for the Swedish government this week.
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Something is brewing in the catastrophe bond market. Last month the UK government passed a law allowing the creation of insurance-linked security (ILS) vehicles, paving the way for the first ever transaction. More issuance is expected, while more insurers around Europe are expected to consider catastrophe bonds, reports Jasper Cox.
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Financial institutions bond investors were assessing this week whether or not they should invest in Banca Monte dei Paschi di Siena’s first deal since its recapitalisation by the state last summer.
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GM Financial and Consumer Portfolio Services hit the ABS primary market with the first US auto loan transactions of the year on Tuesday, with heavy demand for paper helping both issuers tighten pricing from guidance.
