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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With France’s green OAT and record issuance this year, the green and social bond market has emerged from obscurity into the bright lights of mainstream capital markets. Treasurers and CFOs are, by now, aware of what the market has to offer. But to channel capital on the scale required to limit global warming to 2C, the market must adapt and innovate to meet investors’ need for clarity, and to incentivise issuers. Lewis McLellan reports.
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This week saw a flurry of Canadian cross-border auto ABS activity, with Scotiabank pricing a dollar-denominated auto deal on Wednesday and Bank of Montreal (BMO) filing for a debut offering. -
There is a potentially substantial investor base ready to invest in green ABS, but there are still too few assets to put into pools for the market to truly flourish.
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ABS buyers from the UK and continental Europe are operating as normal, with little concern for the Brexit cliff edge around the corner, according to panellists at the TSI Congress 2017 in Berlin.
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Despite rampant market speculation that the European Central Bank (ECB) is gearing up to unveil its tapering programme in October, Peter Praet, member of the executive board of the ECB, indicated that the bank is not ready yet to commit to monetary normalisation.
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Diamond Resorts International is marketing its first timeshare deal of 2017, amid interest from ABS market participants for off-the-run asset classes following last week’s ABS East Conference.
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With central banks peeling back from accommodative monetary policy, investors are looking closely at the risk that additional tier one (AT1) bonds are left outstanding after their first call dates.
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The ABS market has two Italian trade to consider this week, one a secondary re-offer of an RMBS transaction from Banco Populari di Bari and the other the latest in Agos Ducato’s Sunrise consumer loan series, with both issuers looking to take advantage of rampant demand and tight pricing conditions.
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Commercial Property Assessed Clean Energy (PACE) lender Greenworks Lending closed the first ever securitization backed by mid-sized commercial PACE assets on September 25 and plans to become a frequent issuer in the ABS market.
