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
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Volkswagen has removed an €89m reserve fund from its VCL Master Residual Value transaction, after the company said that none of the CO2 emissions affected vehicles would be repurchased by the seller. -
California-based auto lender CIG Financial re-entered the market on January 21 with its first rated subprime auto loan ABS, after a year-long hiatus from the product.
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Student loan servicer Navient has jump started the student loan ABS market with the first private student loan ABS deal of the year, as analysts predict stronger performance for the asset class in 2016.
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Four new Italian water utility companies have joined an innovative minibond securitization arrangement in the Veneto region that enables small public sector operators to reduce their reliance on traditional bank channels for infrastructure investment.
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Ally Bank and Ford Credit are the latest issuers to feature higher proportions of longer term loans in their auto ABS offerings, creating talk of weaker performance in both prime and sub-prime lending sectors.
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Volkswagen Finance is planning to tap the Spanish auto ABS market for the second time in four months, with a new €665m deal that is likely to price wider than last September’s deal.
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German auto ABS pricing retraced slightly on Thursday as Ford Credit Europe sold its Globaldrive transaction, with market participants hoping the asset class can avoid further emissions scandal driven volatility.
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Ford Credit Europe has opened books on its Globaldrive 2016-A transaction, with initial price thoughts and secondary trading levels suggesting top rated German auto ABS has found a new benchmark level.
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Ford Credit Europe (FCE) has lined up leads for a new €610m German auto ABS deal from its Globaldrive shelf, the first European ABS deal to be announced this year.
