Latest news
Latest news
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
First European buy now, pay later securitization expected next year
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France has yet to appoint a national securitization regulator after an amendment to President Emmanuel Macron’s 2018 financial reforms caused a bill to fall by the wayside. -
Despite a spat between the rating agencies over a French CMBS, execution on the deal looks like a blowout success, with the final senior spread tightened down to 90bp and the deal still 2.6 times done. Fitch argued that the trade should be treated as credit-linked to EDF, the only tenant, which would have capped the rating at A-, but investors disagreed.
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A securitization syndicate banker has quit JP Morgan after less than two years at the bank.
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Alternative investment manager Investcorp announced on Wednesday that it was welcoming a new chief executive to it US credit management operations.
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BNP Paribas has increased the capacity of its Matchpoint asset-backed commercial paper conduit from €12bn-equivalent to €20bn, as it continues to expand its asset financing and securitization operations. Barclays, which also boosted its conduit capacity this year, has already won a prestigious mandate partly thanks to the new vehicle.
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HSBC’s first synthetic CLO since the financial crisis had a double helping of shaky UK support services firms, with exposures to Interserve, as well as Carillion. Investors in the deal have therefore been hit by two credit events from the sector, following Interserve’s administration two weeks ago.
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Muzinich & Co has hired Laurence Kubli as structured credit specialist responsible for developing the firm’s first structured credit strategies in a newly created role based in Zurich.
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Prime Collateralised Securities (PCS) announced on Tuesday that it has officially been granted authorisation by the UK Financial Conduct Authority (FCA) to verify securitizations for the ‘simple, transparent, and standardised’ (STS) framework, days before the first STS deal went live.
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Nomura strengthens special situations team — JP Morgan’s Orssten retires — Gamekeeper goes back to being poacher at Rand
