Latest news
Latest news
January's ABS data center deals see tenant numbers drop but demand remains strong
Deals including some commercial mortgages expected to follow
Deal was priced 6bp tighter than most recent iteration of the asset class
More articles
More articles
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Banca Carige outlined its plan on Tuesday for a €950m NPL securitization, as part of its plan to manage down its bad loan book, which will also include a €2.4bn spin-off to a separate management vehicle.
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Financial institutions have commanded very attractive pricing levels for new issues this week, as an influx of cash in fixed income markets has shown investors are still finding value in bank credit despite the fact that spreads grind ever tighter and tighter. -
The Property Assessed Clean Energy (PACE) ABS sector is getting attention from a broader group of investors outside the US, as frequent issuance of the energy efficiency bonds brings the asset class into the mainstream.
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There is plenty of room for growth in commercial solar securitization, SFIG Vegas attendees heard on Tuesday, and lenders need capital markets access to fund it. But lack of scale in the market is a key hurdle, creating a ‘catch 22’ situation.
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It never really went away, did it.
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Despite sections of the market decamping to Las Vegas for the SFIG Vegas conference, the primary pipeline is still moving in European structured finance, as Swedish non-conforming RMBS Bluestep No. 4 and VW’s UK ABS Driver UK Five both head for pricing on Wednesday.
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Arcadia Funds hit the ABS market this week with a rated debut transaction via Jefferies backed by prime loans originated by Lending Club, which sources say will be closely watched by the market.
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TGIF Funding is out with guidance for a debut whole business securitization, which sources say could revive activity in the esoteric sub-sector after a lull in 2016.
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Volkswagen Financial Services is preparing to launch its fifth UK auto ABS deal backed predominantly by personal contract purchases, which contain residual value risk.
