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 is marketing a debut aircraft securitization, as deal volume for the sector this year inches closer to topping 2016 issuance levels. -
The European ABS market is entering into its seasonal summer quiet period, with the pipeline slowing to a trickle after a number of new transactions were priced last week.
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The World Bank has issued $360m of catastrophe bonds that provide insurance protection for Mexico in the event of three natural disasters.
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Less pristine collateral backing online consumer lender Prosper’s second multi-seller securitization did not dent demand for the bonds, which the lender priced tighter than its last deal sold in May.
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The UK ABS market is keeping a close eye on the domestic economy as the Bank of England held rates firm at 25bp on Thursday and warned of a sluggish outlook for country. Sam Kerr reports.
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The last minute decision on the part of European Union regulators to introduce a potentially devastating rule to EU securitzation regulation was greeted with disbelief by market pros last month. But sources say that there are still a number of ways the mistake can be fixed.
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Senior and subordinated bank debt spreads have been grinding relentlessly tighter again this week but, with a summer of scant supply ahead, investors can see no clear reason to shed their positions yet.
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Annualised net losses (ANL) on subprime auto loans hit 7.42% in the second quarter of 2017, with the potential to reach 10% by the end of the year, as the market share of issuers shifting towards deep subprime players increases, according to Fitch.
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The Bank of England is right to warn of increasingly lax consumer lending standards, but until it sets the UK on a path to interest rate normalization, borrowing will remain too attractive an option for consumers to ignore.
