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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French banks have wasted no time since receiving legal confirmation they could issue senior non-preferred bonds, with two financial institution delving into strong investor demand for the new asset class in as many days.
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Commercial Property Assessed Clean Energy (PACE) finance firm CleanFund Commercial PACE Capital is targeting early 2017 to issue the first ever securitization of loans financing energy efficiency upgrades for commercial properties. -
The UK’s largest water company, Thames Water, on Monday sold a £400m Class A bond, helping corporate bond issuance in sterling recover to 2014’s level.
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German agency KfW has announced plans to boost its investment target for securitizations backed by loans to European small and medium enterprises.
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Monex Credit Company, a precious metals dealer, is marketing a rare offering backed by purchase loans for precious metals.
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Online mortgage lender LendingHome has launched a master trust as part of its plan to become a regular issuer in the securitization market, capital markets vice president Paul Stockamore told GlobalCapital.
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Residential Property Assessed Clean Energy (PACE) issuer Renovate America priced its fourth ABS transaction of 2016 at the end of last week, with industry participants saying that the coming year will put the asset class on track to broader acceptance within the ABS market.
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Cerberus Capital Management will push out another two transactions backed by legacy portfolio acquisitions by the end of the week, while Santander is lining up a full capital stack deal backed by UK auto loans as it targets significant risk transfer.
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Marketplace lenders last week cheered the Office of the Comptroller of the Currency’s (OCC) announcement that it would grant national bank charters to online lenders, with the hope that it could ease some state level headaches and provide flexibility for platforms beyond bank partnerships.
