Latest news
Latest news
Meanwhile, BNP Paribas hires in structured finance
Two lenders entering administration should signal to others: simplify the industry
News could lead bank funding to dry up, after strong run of demand in private market
More articles
More articles
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Disagreements between the European Parliament, Council and Commission over the final look of its 'simple, transparent and standardised' (STS) securitization framework halted talks this week, dragging out discussions until the end of the month when EU legislators will have to meet again to try and hammer out a deal. -
BMW Bank priced Bavarian Sky 6 this week, its first auto ABS transaction of the year, with surging investor demand driving pricing for European auto ABS to the tightest levels since the crisis.
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Bank treasury departments have spied a golden opportunity to make headway on the riskiest parts of their funding strategies this week, but bankers are keeping their eyes peeled for sign that the mountain of supply is pushing bond spreads wider in secondary.
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Aircraft ABS transactions have benefited from changes in deal structures and new collateral since the market restarted in 2013, said panelists at the Annual North America Airfinance Conference on Tuesday. However, speakers also warned that broader market events like the bankruptcy of Italian airline Alitalia could be problematic for outstanding transactions.
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Banca Sistema is hitting the road this week with a consumer ABS deal backing loans tied to employees' pensions and salaries, known as Cessione del Quinto (CDQ) and Delegazione di Pagamento loans (DP) loans.
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Online consumer lender Prosper has returned to the securitization market with PMIT 2017-1, following an agreement made in February by a consortium of institutions to purchase up to $5bn worth of Prosper loans over the next 24 months.
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Premium Credit is hitting the road this week with a new consumer ABS deal backed primarily by financing for insurance premiums.
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Burger chain Five Guys and fried chicken franchise Church’s Chicken are in the market with ABS transactions this week, hoping investors have room for more after a particularly filling start to 2017 for whole business securitizations.
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Member of the European Parliament Paul Tang speaks with GlobalCapital about STS, Brexit and the role of securitization in Europe.
