European Securitization
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Bank’s relationship with SpringCash is ‘commercial’ -
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Resets for 2021 and 2024 deals are less attractive to managers due to wider liability pricing
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A swift response is tempting, but lenders should avoid kneejerk reaction
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Spreads for the triple-A rated notes were similar to the manager's previous deal
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Barclays prices private deal from its Pavillion Mortgages shelf
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Transaction will free up $40bn for euro lending
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Rating cut as note pays more interest than planned
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Falling leveraged loan prices promise tantalising returns, but the risk of defaults is rising
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Some managers are choosing loans conservatively to avoid losses, but they will struggle to improve returns
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Opportunities for issuers are returning in 'mature' market
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The originator is holding a non-deal roadshow
