Latest news
Latest news
Third deconsolidation RMBS from a UK challenger bank since November
Parliament’s draft amendments are kinder to the market than Commission's
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The European primary market will reopen this week with a €1.1bn German auto ABS deal from Mercedes-Benz Bank, with public ABS issuance expected to be restricted to only the most vanilla, short dated assets in the near term. -
Mercedes-Benz is defying the quiet tone of primary capital markets with the announcement of a €1bn German auto ABS deal, with leads targeting a post-referendum launch.
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Funding Circle has agreed a £100m deal with the European Investment Bank, where the supranational will buy small business loans originated through the platform. This follows KfW’s £50m investment in SBOLT 2016-1, the debut securitization from the platform, which was wrapped by the European Investment Fund.
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Close Brother’s debut UK auto loan deal brought sterling consumer ABS to the primary market on Wednesday.
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The performance of Germany’s Mittelstand bond market suggests European marketplace lending to small and medium enterprises is in for a rockier ride than traditional bank lending, warned Fitch Ratings this week.
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Deutsche Bank has defended its execution of the debut European marketplace lending deal, as turmoil engulfed the online lending space in the wake of the resignation of Lending Club's chief executive.
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The European investor base jumped on consumer ABS paper this week, with Santander’s German auto deal driving spreads to a new low and drawing some long absent investors back to the asset class.
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Close Brothers, the UK merchant banking group, has mandated leads for a debut ABS deal that will be backed by a £400m pool of auto loans.
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Issuers are lining up two new deals in the European primary ABS market this week, with investors set to get a rare exposure to credit card ABS and CMBS paper.
