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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Most of the US Treasury’s proposed reforms for the US capital markets avoid the need for congressional approval, giving the financial services industry a strong opportunity to roll back some of the perceived excesses of post crisis rule making, US sources have said. -
With the struggle for the control of Catalonia dominating European markets, investors seem to be turning to Italy, of all places, as a safe haven. Jasper Cox and Sam Kerr report.
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The record tight pricing of Agos Ducato’s Sunrise consumer ABS transaction this week showed that European investors are hot for Italian debt despite the country's political and economic turmoil. But sources speaking to GlobalCapital said that their foray into Italy is just the latest example of European buyers' desperate hunt for yield.
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The European ABS market notched another record this week, as French issuer Socram Banque broke through post-crisis tight spread levels for a French auto ABS transaction.
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Catastrophe bond pays out for one of two major earthquakes to hit Mexico in September
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Kroll Bond Rating Agency defended the ratings it assigned to private aircraft financier Global Jet Capital’s inaugural securitization, after Fitch Ratings deemed the deal non-investment grade in a note this week.
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VW Leasing mandated banks this week for a new German auto ABS deal, as cheap funding continues to drive issuers to the market.
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The outlook for financial services firms operating in Europe after Brexit remains unclear, particularly the issue of where to operate from now that London is not a guaranteed gateway to the continent. GlobalCapital caught up with Mauricio Noé, head of Kroll Bond Rating Agency’s European business about setting up shop in Dublin and why the time is ripe for the rating agency to plant its flag in the European ABS market.
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Structured finance veterans Marc Sefton and Kieran McSweeney have launched firm focusing on lending to companies in the specialty finance sector.
