European Securitization
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A transaction could go on screens within the next month
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Mixing collateral across borders will not work for every issuer
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IPTs still leave room for tightening into 60s
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George Smith talks to Tom Hall about tight spreads in the European ABS market and KKR's blockbuster acquisition of NewDay's credit card book
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Morgan Stanley priced a €693m Spanish RMBS
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Asset manager also adds a former Standard Chartered banker alongside Grana
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First development bank securitization to include senior triple-A notes
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Debut issues, esoteric collateral and full cap stacks are dominating
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Together had success in pricing its non-conforming RMBS
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Triple-As closer to breaking through 130bp as mezz moves in
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Both trades offer investors full cap stacks
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The finance provider is marketing its eighth insurance premium-backed ABS