European Securitization
-
Succeeding in the rapidly growing SRT market requires a very particular set of skills. Skills acquired over a very long career. -
Returning equity shows the market works properly but CLO managers should protect the downside, SoundPoint's Russell Holliday says
-
Captive turns to sterling just a month after near-€1bn German deal
-
Delamare was the only active prime UK consumer credit card ABS shelf in 2023
-
S&P downgrades six tranches of legacy RMBS after discovering error, but disparity with Fitch should have raised alarm
-
Equity holders will have to accept lower cash flows with no chance for a call
-
Rise in loan prices allows sellers to take home profits while optimistic investors look to add equity risk
-
BlueBay and Fidelity used the feature for the first time in Europe since the global financial crisis
-
Spreads on split triple-A tranches average to 150.5bp
-
Asset managers taking down triple digit sizes of AAAs for 'first time since 2021'
-
Conditions seem perfect but there's nothing in the visible primary market pipeline
-
Rare feature will allow manager to avoid negative 'cash drag' for equity
