European Securitization
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The winning deals, banks, issuers and market participants were revealed at a gala dinner at The Nobu in London.
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Far fewer leveraged loans are trading above par, but market bifurcation endures
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Mediobanca priced the only deal this week, a significant fall in activity from earlier this month
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Triple-A rated notes price in line with previous deal despite market uncertainty
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Socram Banque adds to light pipeline with French auto loan ABS
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Koning to leave in the next year
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Several European CLOs are in the pipeline, though some managers are ramping more slowly amid Middle East crisis
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SRT spreads lag widening in CLO junior mezz
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Renewables can make Europe’s capital markets less vulnerable to energy price shocks
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The rise of the European master trust and the CLO market nears shut down
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CLO portfolio underweight on high-risk sectors like software and chemicals
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Pre-placement on the rise as issuers navigate tricky primary market