European Securitization
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Manager opts for dual currency structure in deal that allows interest on double-A rated notes to be deferred -
Banker had been at NatWest for three years
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This is its first ABS deal since November 2023
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The €500m deal priced slightly wider than IPTs
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Two deals in two months as activity returns for the first time since the Iran war began
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Paratus AMC priced its revived Twin Bridges deal
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Deal’s triple-A rated notes price 1bp tighter than Redding Ridge’s previous transaction
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Mature networks crucial for public market securitizations
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Credit quality of loans in CLO portfolios becomes increasingly important following the first CLO 2.0 liability impairment
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CLO mezzanine investors are paid high spreads precisely because impairments are a possibility
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Asset manager open to issuing public bridging securitizations in future
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Triple-As on Bridgepoint's latest deal come 4bp wide of the same notes on the manager's previous deal
