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
-
Captive auto financing issuers are piling back into the European auto ABS market after the summer break, with PSA Financial Services, the partner of the Peugeot and Citroën brands, announcing a new deal backed by Spanish auto loan collateral. -
Secondary placements of consumer ABS paper grabbed the market's attention this week, with a French consumer loan deal landing and a UK credit card-backed offering lining up.
-
BMW Bank is returning to the European ABS market for a fifth German auto loan ABS deal from its Bavarian Sky shelf.
-
DBRS analysts dismissed recent worries of a growing bubble in subprime auto ABS in a Thursday conference call, citing consistency in loan pools dating back to pre-crisis days.
-
Ford Credit Europe Bank is lining up its second German auto loan ABS deal of the year to hit its £1bn securitization funding target for 2016.
-
Santander Consumer Bank has overhauled its Bilkreditt 6 ABS, backed by Norwegian auto loans, to avoid the risk that its coupon turns negative.
-
Declining primary supply, an increase in buy-and-hold investors and the retreat of dealers has turned the European securitization secondary market into a difficult place to trade. But investors are becoming increasingly frustrated even with the dealers that remain in the business.
-
Volkswagen’s proposed buyback offer for cars that violate US emissions standards could create a new set of issues for outstanding ABS transactions backed by affected collateral, according to analysts at Moody’s Investor Service.
-
The London Stock Exchange will launch an online private placement platform later this year, hoping to standardise and streamline access to the debt markets for some of Europe's SMEs, and replace "old fashioned" platforms like the Euro PP market. But bankers and lawyers working in Europe's existing private debt markets question the future of the new initiative, writes Silas Brown.
