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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JP Morgan and Mediobanca have closed the book for Banca Monte dei Paschi di Siena’s €5bn equity capital raising. Results are not out yet, but it is widely expected to have gathered very little demand. The government is understood to be poised to bail out MPS, with €20bn of firepower at its disposal, but the details of how and when this would be done are not yet clear.
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Alpha Bank has placed a Greek SME CLO with Citi, the European Investment Bank, and the European Bank for Reconstruction and Development. -
The European Investment Fund (EIF) said on Wednesday that it signed a securitization guarantee deal with RBS, giving the UK lender capital relief on a £432m portfolio of healthcare loans.
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The confirmation on Tuesday morning that Lloyds had won the race to buy MBNA, the UK credit cards business owned by Bank of America, means the portfolio has little chance of returning to the securitization market.
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A rare subprime credit card ABS was priced this week, though sources say similar deals are unlikely to materialize in significant volume as online lenders court subprime borrowers and issuers faced increased costs of setting up credit card programs.
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Merlin Aviation Holdings is marketing a $250.8m securitization of a portfolio of leases on older aircraft, collateral that market participants say will continue to see value in 2017 as demand for newer planes exceeds supply.
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French banks have wasted no time since receiving legal confirmation they could issue senior non-preferred bonds, with two financial institution delving into strong investor demand for the new asset class in as many days.
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Commercial Property Assessed Clean Energy (PACE) finance firm CleanFund Commercial PACE Capital is targeting early 2017 to issue the first ever securitization of loans financing energy efficiency upgrades for commercial properties.
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The UK’s largest water company, Thames Water, on Monday sold a £400m Class A bond, helping corporate bond issuance in sterling recover to 2014’s level.
