Latest news
Latest news
Additional warehouse added to scale business and combines STS and non-STS facilities
Investors asked to buy five, seven and 10 year bonds
French bank is marketing the only two deals in ABS primary
More articles
More articles
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The long-awaited debut marketplace lending ABS in Europe was announced on Thursday, with Deutsche Bank arranging and leading SBOLT 2016-1, an SME ABS back by a £130m pool of loans originated by Funding Circle and bought by KLS Diversified Master Fund.
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The €14bn European Union-backed fund designed to support Europe’s small and medium sized enterprises has taken a €2bn chunk of German SME and mid-cap exposures off of Commerzbank’s future balance sheet via a synthetic securitization. -
Fresh off the back of its German lease ABS, VCL 23, which priced last week, Volkswagen Financial Services chief financial officer Frank Fiedler announced that the lender was planning new ABS programmes in Italy and Korea.
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Volkswagen made a successful return to the German auto lease ABS market, hitting its desired spread level at pricing.
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Companies looking for reform of the Consumer Financial Protection Bureau (CFPB) may have to wait until after the next election, following a contentious hearing in the US Senate on Tuesday that dashed any hope of an overhaul.
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Europe's banks are failing to use a capital subsidy for small and medium enterprise lending which was added into capital rules against the advice of the European Banking Authority.
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Volkswagen is planning a new €721m German auto lease ABS deal, with the collateral pool showing the number of emissions-affected vehicles in new deals from the company’s ABS programme is declining.
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GMAC sold the £300m senior tranche of a £329.6m UK auto ABS deal on Tuesday, retaining the rest of the deal.
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GMAC UK has mandated leads for a new sterling denominated UK auto ABS deal. Investor meetings started on Wednesday.
