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Latest news
Third deconsolidation RMBS from a UK challenger bank since November
Parliament’s draft amendments are kinder to the market than Commission's
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PSA Finance UK, the captive finance arm of Peugeot Citroën in the UK, has just priced its first securitization of UK car loans at 42bp over one month Libor. The deal has been sized at £315m. -
Tesla priced an ABS offering backed by solar lease and power purchase agreements originated by its SolarCity subsidiary late last week, selling the bonds at the tight end of price guidance.
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Transport ABS deals have been well bid in 2017, sought by investors for their higher yields compared to more vanilla assets. But bespoke deal structures and attractive funding in other markets have put off interested participants, sources said this week.
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Peugeot Citroën’s car finance bank announced initial price thoughts on Monday for its first sterling securitization, joining a UK car finance ABS market that has been busy this year.
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WiZink, the Spanish credit card bank, is preparing to launch its first securitization that will be sold publicly.
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A panel of investors speaking at a conference this week said that securitization was driving the growth of the marketplace lending industry, and that the combination of investor demand for yield and borrower demand for credit is creating a “perfect storm of good things” for the asset class.
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Caixa Económica Montepio Geral has priced Portuguese non-performing loan securitization, Évora Finance, after a marketing period which began in August.
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Wells Fargo Securities has named its new head of debt capital markets, covering US investment grade debt, high yield debt and loan originations and executions.
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Spain — specifically, Catalonia or the Basque region — could be the site of Europe’s first Property Assessed Clean Energy (PACE) financing of home energy efficiency upgrades, if a pilot project funded by the European Union gets off the ground.
