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
-
Verizon Communications priced its second ABS deal of the year this week, attracting strong investor demand. -
News of securitizations from Lending Club and Upstart, in addition to SoFi’s application for a bank charter, were the talk of the week, with market players pointing to these events as milestones for the marketplace lending industry.
-
A trend in the US over the past couple of years has involved securitization issuers doing everything possible to avoid using the term subprime. Such verbal chicanery does their market no favours.
-
The structured product market is booming, with rampant investor demand leading to record-breaking tights in asset classes such as auto ABS. This has sparked fresh calls for the European Central Bank (ECB) to stop buying up paper in the market, writes Sam Kerr.
-
Welk Resort Group is marketing a small timeshare offering after a two year absence, adding to the wave of esoteric issuance that has washed over the ABS market.
-
Lending Club’s debut self-sponsored club deal offering, which was priced on Wednesday, drew praise from investors, who hailed the new deal structure.
-
Santander Consumer Bank has taken pole position with its latest auto ABS offering by printing at the tightest spreads the securitization market has seen since the crisis.
-
Investors may require a higher premium of UK banks as they return to the capital markets following last week’s general election, which has made the future of the nation’s politics very uncertain.
-
The bookrunners of a refinancing transaction for Domino’s Pizza increased the size of the deal before pricing on Monday, amid a spike in deal activity for whole business ABS.
