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
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German agency KfW has announced plans to boost its investment target for securitizations backed by loans to European small and medium enterprises. -
Monex Credit Company, a precious metals dealer, is marketing a rare offering backed by purchase loans for precious metals.
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Online mortgage lender LendingHome has launched a master trust as part of its plan to become a regular issuer in the securitization market, capital markets vice president Paul Stockamore told GlobalCapital.
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Residential Property Assessed Clean Energy (PACE) issuer Renovate America priced its fourth ABS transaction of 2016 at the end of last week, with industry participants saying that the coming year will put the asset class on track to broader acceptance within the ABS market.
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Cerberus Capital Management will push out another two transactions backed by legacy portfolio acquisitions by the end of the week, while Santander is lining up a full capital stack deal backed by UK auto loans as it targets significant risk transfer.
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Marketplace lenders last week cheered the Office of the Comptroller of the Currency’s (OCC) announcement that it would grant national bank charters to online lenders, with the hope that it could ease some state level headaches and provide flexibility for platforms beyond bank partnerships.
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In a conference speech last Thursday, Prosper president Ron Suber likened the marketplace lending and its use of different funding models to music streaming apps like Spotify and iTunes. But the marketplace lending industry is still dependent on many of the same models that preceded it.
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The tight pricing of Jefferies’ first rated ABS backed by near-prime Lending Club loans points to investors’ heightened familiarity with the collateral and their willingness to participate based on credit quality rather than broader market headlines.
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Banco Santander has structured a €1bn Spanish consumer loan ABS deal for capital relief purposes, and is also selling the full capital stack in a new UK auto loan deal, as analysts predict risk transfer deals will become more attractive under tweaks to 'Basel IV' rules.
