Latest news
Latest news
News could lead bank funding to dry up, after strong run of demand in private market
Stellantis pushes Spanish auto ABS senior spread to 60bp
Issuers and investors drop clues about esoteric ABS trades
More articles
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Prime credit card ABS is drawing a crowd this week, with joint leads pumping up the size of a deal from Discover Bank before pricing.
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The Bank of England has expressed concern over the rising levels of consumer debt in the UK, which increased by 10.3% in the 12 months through April 2017. -
Online lender SoFi and first time student loan ABS issuer College Avenue are bringing deals to a busy pipeline, as investor demand for new securitizations carries into the summer.
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Sei-Hyong Park, who formerly worked in Lehman Brothers' securitization division, is now at Property Assessed Clean Energy (PACE) platform Renew Financial.
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Spruce Finance, which finances residential energy efficiency projects and solar installations in the US, sold a $250m loan portfolio to an undisclosed North American bank on June 21.
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FCA Bank has continued the trend of issuing auto ABS notes with an effective negative yield after pricing a deal backed by Italian auto loans.
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Santander Consumer USA priced its latest Drive subprime auto ABS offering at tight spreads on Wednesday, brushing aside some of the negative headlines around its lending practices and the declining performance of subprime car loans.
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Mercedes-Benz Bank priced its latest auto ABS offering this week, Silver Arrow 8, with the deal notching yet another record for post-crisis spreads.
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The implementation date for the European Union’s simple transparent and standardized (STS) securitization framework has been moved back to January 2019, after concerns were made by the Maltese presidency over the timeline between finalisation of the rule and its implementation.
