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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Banca Carige, the Genoese bank going through a lengthy restructuring process, moved a step further towards its de-risking target this week by selling a €1.2bn portfolio of non-performing loans. -
ABN Amro has registered a second covered bond programme as a Dutch company. Analysts at Rabobank believe the programme will be used for central bank funding purposes.
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Investors are eager for a slice of Tesla’s latest solar securitization from its SolarCity subsidiary, said industry sources, but solar ABS volume could remain limited in 2018 unless the challenge of securitizing commercial and industrial scale solar assets can be cracked.
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The media are full of stories about much of UK student loans may never be repaid. But ABS investors, especially specialists in riskier assets, have at least £7bn of appetite for them.
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Spain’s Wizink Bank has begun to establish its name and build an investor base following its first publicly distributed securitization, which was the first ever deal secured on Spanish credit cards.
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Securitization experts at IMN’s Marketplace Lending conference in New York last Friday said risk appetite and the trend of deepening capital stacks in marketplace loan ABS deal structures will grow in 2018 as the market matures.
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A former chief of staff at the Office of the Comptroller of the Currency this week hyped the growth of fintech and marketplace lending, but indicated that the industry now faces a different set of challenges as it matures.
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Lending Club closed a debut pass through security last Friday, a Consumer Loan Underlying Bond (CLUB) certificate, as the company looks to diversify funding and grow the investor base beyond its securitization program.
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German service station operator Tank & Rast used its Roadster Finance entity to sell a dual tranche secured corporate bond on Friday. The deal raised €600m to help refinance a secured loan.
