European Securitization
-
Deal is the car financier's first Spanish deal with a full capital stack -
Manager takes advantage of tight spreads available for refinancings to cut triple-A pricing by 14bp
-
How securitization can help high LTV mortgage lending, and why is the CLO market so busy
-
Additional warehouse added to scale business and combines STS and non-STS facilities
-
Portfolio includes private credit transactions originated by Sona and broadly syndicated loans
-
French bank is marketing the only two deals in ABS primary
-
Revival of high LTV mortgage lending is creating an opportunity for more SRT and deconsolidation transactions
-
Changing issuance patterns, tight mezzanine spreads and investor demand deliver bumper crop of deals
-
High LTV mortgages carry higher capital charges, clogging up lending. Securitization could solve this
-
Deal follows Macquarie's acquisition of Spire, which issued previous Aurium CLOs
-
Octopus Electric Vehicles has also added to its capital markets team
-
Pim van Schie, a portfolio manager at Neuberger, discusses rising investor appetite for CLO mezzanine tranches
