European Securitization
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Manager prices reset for 2019 deal that was refinanced in 2021 with tight liability spreads -
Reset includes four triple-A tranches and tightens triple-A pricing by 24bp
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Creafin restarts the Belgian RMBS market, and CLO tiering has not yet materialized
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Dilosk is expected to continue being an active RMBS issuer
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Manager adds €15.3m of equity and issues double-B rated notes at a discount
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The €500m PayPal loan-backed deal grew from €350m
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Enpal plans its fourth issuance for later this year
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Restructuring of €316m deal from 2021 is likely
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Persistent collateral overlap between CLOs leads to similar spreads, despite differences in manager strategy
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Specialist lender Creafin plans to issue twice a year
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Some of the deal’s tranches price tighter than RBC BlueBay’s previous deal, despite Iran war volatility
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Vida Bank priced its non-conforming RMBS in the private market
