European Securitization
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JP Morgan builds demand for its BTL RMBS -
First reset of the year cuts spread on triple-A rated tranches by 18bp
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Deal grows from £375m to £500m to meet demand
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Pricing on triple-A rated notes was tightened by 22.5bp relative to the original deal
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Scrutiny of regulatory proposals by those without securitization expertise is a feature, not a bug
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Challenger bank's senior notes land just 1bp outside Santander's recent trade
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Refinancing covers entire capital structure and cost less than a reset
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Tom Hall goes through a sterling week of deals for European ABS, while Thomas Hopkins dissects the dangers that a rise in LMEs would pose for European CLOs
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UK credit card lender extended its warehouse in the leadup to its public ABS master trust debut
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Further repricing activity expected this year as CLO demand outstrips loan supply
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Conversations with issuers could start in the third quarter of this year
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George Smith gets the outlook for prime RMBS from Tom Hall and CLO resets from Thomas Hopkins, as a familiar shelf returns to its usual spot in the calendar
