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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A credit card deal from NewDay cards was priced on Wednesday to heavy demand, despite growing concern around rising levels of consumer debt in the UK. -
European financial institutions opened books on new deeply subordinated bond deals this week, just days after two regional Italian lenders were liquidated by national authorities.
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CAI International this week became the latest issuer to revive activity in container lease securitization as the asset class outpaces aircraft as the most active corner of transport ABS in 2017.
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Prime credit card ABS is drawing a crowd this week, with joint leads pumping up the size of a deal from Discover Bank before pricing.
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The Bank of England has expressed concern over the rising levels of consumer debt in the UK, which increased by 10.3% in the 12 months through April 2017.
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Online lender SoFi and first time student loan ABS issuer College Avenue are bringing deals to a busy pipeline, as investor demand for new securitizations carries into the summer.
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Sei-Hyong Park, who formerly worked in Lehman Brothers' securitization division, is now at Property Assessed Clean Energy (PACE) platform Renew Financial.
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Spruce Finance, which finances residential energy efficiency projects and solar installations in the US, sold a $250m loan portfolio to an undisclosed North American bank on June 21.
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FCA Bank has continued the trend of issuing auto ABS notes with an effective negative yield after pricing a deal backed by Italian auto loans.
