Latest news
Latest news
Meanwhile, BNP Paribas hires in structured finance
Two lenders entering administration should signal to others: simplify the industry
News could lead bank funding to dry up, after strong run of demand in private market
More articles
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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. -
Jeremy Bennett, the former CEO of Nomura International and EMEA, and architect of the UK’s crisis-era £800bn Asset Protection Scheme, has joined Funding Circle as global chief financial officer.
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The European Investment Fund (EIF) has teamed up with several European economic development institutions to establish a risk sharing platform to support the securitization of small and medium enterprise (SME) loans in Europe.
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Mercedes-Benz bank reopened the European ABS market with a €1.1bn German auto ABS deal on Thursday, but market players are bracing for a subdued and “clubby” market over the next few months as UK issuers wait for volatility to subside in the aftermath of the British referendum result.
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The European primary market will reopen this week with a €1.1bn German auto ABS deal from Mercedes-Benz Bank, with public ABS issuance expected to be restricted to only the most vanilla, short dated assets in the near term.
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Mercedes-Benz is defying the quiet tone of primary capital markets with the announcement of a €1bn German auto ABS deal, with leads targeting a post-referendum launch.
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Funding Circle has agreed a £100m deal with the European Investment Bank, where the supranational will buy small business loans originated through the platform. This follows KfW’s £50m investment in SBOLT 2016-1, the debut securitization from the platform, which was wrapped by the European Investment Fund.
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Close Brother’s debut UK auto loan deal brought sterling consumer ABS to the primary market on Wednesday.
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The performance of Germany’s Mittelstand bond market suggests European marketplace lending to small and medium enterprises is in for a rockier ride than traditional bank lending, warned Fitch Ratings this week.
