Latest news
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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Healthy secondary movement and successful new deals from Deutsche Bank and a second tier Italian name suggest investors are hungry for more FIG paper, though the market has been quiet this week. -
Strong fundamentals and a rally in ABS spreads led bankers to increase the size of a credit card ABS transaction from American Express on Monday.
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Residential Property Assessed Clean Energy (PACE) platform Renovate America is teaming up with commercial PACE finance firm Greenworks Lending to expand in commercial PACE lending.
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Joseph Lau, managing director and head of non-traditional securitizations at RBC Capital Markets, has landed at New York-based Lord Capital after leaving the bank in January.
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An inaugural aircraft ABS deal from Elix Aviation Capital backed by leases on turboprop aircraft was priced on Thursday, reflecting the potential for deal diversification in the fast growing sector.
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Student loan servicer Navient’s tussle with the Consumer Financial Protection Bureau (CFPB) in January was mostly background noise for the company’s no-grow Federal Family Education Loan Program (FFELP) securitization, which was priced tightly on Wednesday.
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Amazon Lending, which provides inventory financing to a selectively chosen group of micro, small and medium sized businesses that sell on the Amazon marketplace, is shifting the risk on those loans off its balance sheet with a new secured revolving credit facility.
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The UK government delivered a potential boost to Europe’s stagnant securitization market on Monday with its announcement that it plans to raise £12bn through securitizing part of its book of student loans by the end of 2021. The first deal from the scheme, backed by around £4bn of loans, is expected this year.
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ABS spreads, fuelled by intense demand from bond buyers, are approaching their post-crisis tights and investors said that there is room to go tighter still.
