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
More articles
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After a five month drought, the UK auto ABS market saw two deals priced last week, as the short dated paper attracted new investors looking for diversification within structured finance. -
UK and Finnish auto ABS issuers are rolling into the European ABS market this week, shifting investor focus away from Germany after a rush of auto deals from that jurisdiction.
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With pioneers of peer-to-peer lending tapping more institutional investors and competing to claim how boring their products are, the hype in alternative lending may be fading. That's good news, but only for those that have already reached scale.
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Distancing himself from negative comments made in February, Lord Adair Turner told the LendIt Europe conference in London on Tuesday that peer-to-peer (P2P) lending platforms could become a “stable and secure” element of credit provision, and even help prevent credit crunches, if they remain simple and transparent.
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Volkswagen Leasing has mandated leads for a new German auto lease ABS deal from the VCL shelf, as secondary spread levels on VW paper show signs of returning to pre-emissions scandal levels.
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Demand for yield is driving bank originators to dust off rare asset classes, such as Italian SME ABS and Spanish auto loan deals, to satisfy investor appetite.
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Bank Deutsches Kraftfahrzeuggewerbe, a German subsidiary of Société Générale, has announced a new €1bn German auto loan ABS deal, the fourth transaction to be launched in the asset class this month.
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BMW Bank became the latest issuer to price an ABS deal above par on Wednesday, pulling in €1bn for its Bavarian Sky 5 German auto ABS deal. Opel Bank is also set to price its German auto paper above par on Friday.
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BMW Bank will return to the European ABS market for a fifth German auto loan ABS deal from its Bavarian Sky shelf, after Ford Credit Europe Bank priced its latest Globaldrive deal above par, the first consumer ABS deal to do so.
