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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NewDay Funding has priced its second credit card ABS deal of the year, NewDay Partnership Funding Trust 2017-1. -
Subprime auto lender Consumer Portfolio Services (CPS) is out with its fourth deal of the year, with market watchers eyeing value in the short duration triple-A bonds.
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Football clubs have become revenue generating machines, and with the English Premier League set to ban clubs from borrowing from non-Financial Conduct Authority regulated institutions starting next year, GlobalCapital investigates how some of the Premier League’s biggest teams fund their operations.
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SoFi priced a student loan refinancing securitization this week, with the online lender increasing the size of the deal on the back of surging demand for the bonds, indicating that investors were unfazed by a stream of headlines around allegations of misconduct at the company.
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European ABS spreads continue to break through historical tights as the market approaches the year’s end, with investors not only participating at record low yields but queuing up in droves to buy paper at what are effectively negative yields.
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Verizon Communications is marketing its third securitization of 2017, pooling device payment plans (DPPs) on mobile phones as buzz around the budding asset class increases on the back of bullish predictions at ABS East last month.
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The European Commission is moving ahead with plans to develop sovereign bond-backed securities — which some market watchers have dubbed a “common eurozone safe asset”. The efforts come despite the idea being met with disdain from sovereign debt management offices (DMOs) earlier this year.
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Though the European Central Bank’s October 26 meeting has been very well talked about as the point at which it could start to step back from buying bonds, FIG investors remain focused on other issues.
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An uptick in the three year federal student loan default rate is not likely to dampen the performance of Federal Family Education Loan Program (FFELP) ABS, but will be a drag on household balance sheets.
