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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With three Federal Reserve rate hikes expected this year, the heightening hunt for yield is prodding investors back into riskier corners of the consumer ABS market, but not everyone in the market thinks it is time to start sounding the alarm. -
Mosaic and Goldman Sachs priced a co-sponsored solar loan securitization on Monday, the $317.52m Mosaic Solar Loan Trust 2018-2-GS.
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Sole arranger Citi, together with Deutsche Bank as joint lead manager, announced an inaugural auto ABS deal from Blue Motor Finance (BMF) on Tuesday, hitting the road with Azure Finance No.1.
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Credit Suisse on Friday sold its first consumer ABS transaction, a $180.21m deal backed by a pool of loans originated online via marketplace lender loanDepot.
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Joint lead managers HSBC and Lloyds Bank on Monday announced Bavarian Sky UK 2 ,a sterling UK auto ABS from BMW Financial Services.
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Credit Suisse is in the market this week with a $180.21m ABS offering backed by unsecured consumer loans originated by online lender loanDepot, and had already received heavy demand from investors as of late Wednesday.
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Goldman Sachs and residential solar finance firm Mosaic are preparing to jointly issue a new solar loan securitization, Mosaic Solar Loan Trust 2018-2-GS.
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The primary European ABS market has sparked to life since the annual Global ABS event in Barcelona earlier this month, with announcements last week of German-Dutch CMBS, Spanish RMBS, UK RMBS and Italian NPL deals, as well as a prime UK credit card ABS announced on Monday.
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Credit Suisse was sole arranger on a privately placed solar securitization that Vivint issued alongside its public market debut last week.
