European Securitization
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Triple-A tranche comes 32bp wider than at first reset -
Blackstone priced one deal privately, one publicly
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KKR’s landmark deal and will CLO managers mix BSL with private credit?
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Barclays also priced its £308.8m consumer ABS
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KKR is securitizing PayPal loans in a deal that could be template for the asset class
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Managers may launch CLOs that combine BSL and private credit loans as weak equity arbitrage persists
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Credibom priced a Portuguese auto loan ABS, as Ayvens priced a French auto lease ABS
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UK bank builds £920m book for its £750m deal
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Triple-As price only 4bp wide of recent market tights as manager avoids issuing single-B rated notes
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Pricing on double-A and single-A rated notes tightens below initial guidance
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The portfolio is made up of Solar (64.55%) and heat pump (35.45%) receivables
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Another middle market CLO appears and demand diverges in euro and sterling ABS
