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
-
Analysts warned this week of securitization’s drift into a private, bilateral and less visible type of market at the expense of the public market, despite last year's primary pipeline churning out the highest volume of publicly syndicated bonds since 2011. -
Subprime auto lender Consumer Portfolio Services (CPS) is in the post-holiday market with a $206.32m subprime auto loan securitization, kicking things off for the sector in 2017.
-
The European Investment Fund (EIF) has signed an agreement with six regional Italian credit institutions to guarantee €360m of loans to Italian small and medium enterprises (SMEs) over the next three years.
-
Hyundai is in the market with a $931.49m auto lease securitization, kicking things off for the primary consumer ABS market in 2017.
-
American Airlines has opened up the esoteric ABS pipeline in 2017 with a nearly $1bn enhanced equipment trust certificate (EETC) offering to fund the purchase of new aircraft.
-
The charge-off rate for prime credit cards hit a new low in December, with market watchers predicting that the sector should be able to withstand rate hikes in the coming year.
-
The introduction of a national banking charter for financial technology companies by the Office of the Comptroller of the Currency (OCC) at the end of last year will not be a big disruptor of the bank partnership model in 2017, said industry sources this week.
-
FIG issuers had a tough time navigating the primary markets in 2016, which was speckled with periods of intense volatility.
-
The arrival of the Bank of England’s Term Funding Scheme sparked fears that it would be the death of the UK mortgage-backed securities market. But while some bank issuers may scale back public bond plans in 2017, a sharp rally in spreads has brought new sellers into play, changing the nature of the market. David Bell reports.
