European Securitization
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Key points of contention include the investor sanctions regime and the definition of 'resilience'
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The triple-A rated notes' spread widened by 25bp compared to the original deal
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Bank11 grew its deal from €500m to €600m
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The €500m deal tightened by 8bp from IPTs
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Magnetar and Chorus Capital lose experienced pros
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Bot claims funding is ‘cheaper than peers who borrow from independent banks or credit funds’
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Spreads on CLO liabilities stay wide, making resets for deals from multiple vintages unattractive
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Advanzia plans on being a regular issuer through its master trust
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The acquisition was announced a day before Lendco priced its Atlas securitization
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Fund is designed to invest in the equity in Bain’s CLOs, but can also invest in liabilities
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Startline returns with third public UK auto ABS
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Vida Bank is also building up its funding team