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Aircraft caught up in bankruptcies are likely grounded for months
New law expected to accelerate the dominance of professional landlords
Blackstone-owned business deal's subscriptions hit 9 times
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Santander Consumer Bank has overhauled its Bilkreditt 6 ABS, backed by Norwegian auto loans, to avoid the risk that its coupon turns negative. -
Declining primary supply, an increase in buy-and-hold investors and the retreat of dealers has turned the European securitization secondary market into a difficult place to trade. But investors are becoming increasingly frustrated even with the dealers that remain in the business.
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Volkswagen’s proposed buyback offer for cars that violate US emissions standards could create a new set of issues for outstanding ABS transactions backed by affected collateral, according to analysts at Moody’s Investor Service.
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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.
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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.
