Latest news
Latest news
'Important to distinguish between a systemic industry issue and a specific operational challenge' says trade body
ECB is amending the Eurosystem eligibility criteria that could affect auto ABS deals
Senior triple-As at 120bp and 130bp over
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Residential Property Assessed Clean Energy (PACE) issuer Renovate America is preparing to issue its final securitization of 2016, as market participants hope for the emergence of a strong secondary market in 2017 on the back of steady new issuance. -
The European Commission proposed on Wednesday to extend its ‘SME supporting factor’, which gives easier regulatory treatment to SME lending, and to create a new regulatory subsidy for infrastructure.
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Liberty Global treasurer Nick Marchant this week told GlobalCapital that he expects mobile handset securitization to take off in Europe, after the firm’s Virgin Media subsidiary landed an inaugural deal that provided a cheaper source of funding than the high yield bond market.
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Novo Banco’s first SME ABS deal from its Lusitano shelf in six years was privately placed on Wednesday, while Agos Ducato placed an Italian consumer ABS deal and FirstRand Bank sold a rare dual currency UK auto ABS deal.
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Iberdrola, the Spanish energy company, tapped the euro market for its second green bond of the year on Thursday, pulling in orders fast enough to print the deal by early afternoon.
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Labrador Aviation Finance is tapping the pre-holiday ABS market with a $709m deal backed by leases on young aircraft collateral, bucking the trend of recent deals that have been backed by older planes.
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Investor confidence in ABS has rebounded to its strongest level in two years, after hitting its lowest level since 2009 back in June, a JP Morgan study showed on Wednesday.
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UBS became the first European bank to look to use one year call structures to optimise the capital eligibility of its senior bonds on Wednesday, as the European Commission released details of a comprehensive package of banking reforms.
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Italian, UK and German consumer ABS deals are being readied for launch, despite calls last week that the primary pipeline was running out of steam.
