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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Sky Aviation Leasing International priced its first ever ABS offering this week, issuing a transaction backed by newer aircraft collateral, bucking the trend of previous deals backed by mid to older life aircraft.
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Triton Container Finance is back in the ABS market, hot on the heals of a deal it priced in June, as sentiment stays upbeat for global trade and the shipping container industry. -
Analysts at Bank of America Merrill Lynch have highlighted the growing risks in the UK auto ABS sector, due to high exposure to residual used car values and the regulatory pressures weighing on used car prices.
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Private equity firms and loan investors are taking a keen interest in Greece, prompting a rush to establish servicing platforms to take advantage of the attractive fees associated with the resolution of non-performing loans. Owen Sanderson and Sam Kerr report.
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We are now a decade on from the start of the global financial crisis, the event that has defined public perception towards finance and the rules and regulations which govern it. It is still misunderstood.
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The subordinate notes from online small business lender CAN Capital’s sole securitization, which was priced in 2014, were downgraded on Tuesday by DBRS amid fears over its ability to absorb expected losses.
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The UK ABS market has slowed with the rest of Europe in August, with fewer investors participating in recent deals. But sources said September is primed for a strong comeback.
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BNP Paribas froze three hedge funds that had invested in subprime mortgages on August 9, 2007. Widely regarded as one of the opening events of the global financial crisis, it stands as a grim reminder and a warning to the market of what can happen when liquidity collapses.
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Despite UK assets offering juicier spreads than their European counterparts, distribution stats show little European investor participation in UK deals. That might be disappointing for UK issuers, but at least it means little to fear from a hard Brexit.
