Latest news
Latest news
French bank is marketing the only two deals in ABS primary
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
More articles
More articles
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Attorneys general from 18 states called upon US Department of Education secretary Betsy DeVos on Monday in a letter to stop delaying student loan forgiveness for borrowers victimised by fraudulent for-profit colleges. -
Investors are beginning to show hesitance around subprime auto ABS as cracks begin to show in the sector.
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UK buy-to-let deal Oat Hill No.1 and a pair of European CLOs were priced on Friday, as market participants prepared to descend on Barcelona for Global ABS, which kicks off Tuesday.
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Domino’s Pizza is preparing to serve up a $2bn whole business ABS transaction, the largest such deal to enter the increasingly crowded esoteric securitization market in 2017.
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UniCredit’s flagship non-perfoming loan (NPL) sale, Project Fino — which stands for “failure is not an option” — will only raise 40% of its cash up front, with UniCredit granting Pimco and Fortress, the buyers of the €17.7bn portfolio, more than three years to pay the rest.
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The European securitization industry’s “simple, transparent and standardised” regulatory framework has finally been pushed through, with industry practitioners as well as supportive bureaucrats in Brussels saying it will help boost the flow of lending to Europe’s small and medium enterprises (SMEs). Time will tell if those businesses actually feel the benefit.
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Sovereign debt management offices (DMOs) have lambasted proposals for creating common eurozone ‘safe assets’ in the form of sovereign bond-backed securities (SBBS). The European Commission said this week it planned to review the idea — and is likely to find a more optimistic tone from investors.
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Martin Nijboer, the head of global capital markets and securitizations at ING, has left the company GlobalCapital understands.
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A flurry of issuers is hitting the European primary ABS market in the run up to the Global ABS conference next week in Barcelona.
