RMBS

  • European auto ABS navigates market volatility

    European auto ABS navigates market volatility

    Sterling paper dominated European securitization issuance last week as issuers rushed ahead of further Brexit developments, with a particular focus on the auto ABS market, which saw three deals clear the pipeline.

  • Spreads tighten for pair of UK RMBS deals

    Spreads tighten for pair of UK RMBS deals

    Pepper Group subsidiary Optimum Credit has priced its Castell 2019-1 deal tight of guidance, while Yorkshire Building Society’s Brass No 8 RMBS was also priced, with senior notes tightening by about 5bp from initial price thoughts.

  • Leeds Building Society turns to RMBS market after four year absence

    Leeds Building Society turns to RMBS market after four year absence

    Leeds Building Society has mandated Barclays, Citigroup and Lloyds to arrange Albion No 4, a prime UK residential mortgage securitization, set to qualify for the ‘simple, transparent and standardised’ (STS) regulatory framework. The deal comes as two more sterling RMBS deals are heading to be priced on Wednesday afternoon.

  • Sterling ABS market digs in for wave of new supply

    Sterling ABS market digs in for wave of new supply

    Investors are eyeing a rush of sterling ABS and RMBS deals looking to push ahead through the Brexit window after the UK Parliament was suspended for five weeks beginning on Monday, with buysiders confident that spreads will withstand the rush of new supply.

  • Banco Sabadell marketing €1bn consumer ABS

    Banco Sabadell marketing €1bn consumer ABS

    Banco Sabadell has mandated Deutsche Bank for a €1bn Spanish consumer loan ABS, set to offer three tranches with a floating rate coupon priced over three month Euribor.

  • Market awaits release of Trump admin’s GSE reform plan

    Market awaits release of Trump admin’s GSE reform plan

    In an otherwise slow week for the securitization market after the Labor Day holiday, observers are bracing themselves for a potentially market-moving development for the mortgage sector — the Trump administration’s release of its government-sponsored enterprise reform plan.

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