European Securitization
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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
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Manager opts for low software exposure in difficult environment for CLO issuance
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The trade is EdgeConneX’s euro debut, the first Dutch data centre ABS, the first data centre CMBS structure and the first master trust structure
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RMBS master trusts common in the UK, but Europe the first to bring out a data centre ABS master trust
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Managers pause deals as spreads widen, but swift resolution is still priced in