European Securitization
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Strong demand for Multilease’s deal raises hope spreads can return to pre-Iran war tights
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Despite the allure of lower loan prices, CLO managers should print deals cautiously
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Deal raises questions about whether transaction was done at arm's length
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Triple-A pricing widens by just 8bp from previous deal, in spite of the Iran war
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Joanna Chan is taking on the role of head of strategic capital
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Software loan sell-offs and the Iran war have caused US and European loans to price differently
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Multilease prices its second euro-denominated deal
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RCI is also marketing a German auto lease ABS
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Cerberus buys Lendco, Advanzia's German credit cards, and CLO resets pause
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Manager adds almost €100m across the CLO's capital structure
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Deal primarily backed by loans originated by specialist lender RNHB