Latest news
Latest news
Volkswagen also added a UK auto ABS to the primary
Invictus, Annaly, JP Morgan to print a billion dollars each next week
UK lender has placed €1.5bn of Dutch prime RMBS paper this year, doubling its annual issuance
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More articles
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JPMorgan Chase denies charges by four collapsed corporate credit unions that it mislead them about the risks of mortgage-backed securities sold by the bank.
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More European issuers are expected to roll out cross-currency securitizations though year-end, tapping the U.S. market in particular with U.S. dollar-denominated tranches in a bid to tighten domestic spread levels.
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The 2-year-old practice by Organismos Ergatikis Katikias, the Greek Workers Housing Agency, of delaying payments on interest subsidies have put Greek banks and residential mortgage-backed securities transactions at risk of losing interest payments and possibly lead to default, according to Fitch Ratings.
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Europe’s largest banks are seen raising only about 10% of the combined EUR106 billion ($148 billion) in capital regulators say they need to reach the 9% core Tier 1 ratio by June, according to analysts.
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The large number of deals in Europe’s securitization market being retained by issuers is forecast to continue. -
Lloyds Banking Group’s Permanent 2011-2 RMBS picked up more than $3bn of demand this week, standing firm on a bid from US bank treasuries which have also supported recent UK RMBS issues from Nationwide, Royal Bank of Scotland, and Santander UK.
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ABN Amro has structured a new mortgage master trust, Oceanarium, and issued its retained first deal from the programme. The first issue is a €14.5bn deal with €13.485bn of triple-A senior notes. Total portfolio size in the trust is €15bn.
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Senior notes in ABS benchmark Granite are back close to the year’s highs, as ABS dealers revert to risk-on mode in the wake of the eurozone deal reached on Thursday morning. Junior Granite notes were five points higher in cash terms on the day, rallying to 52 area.
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Lloyds Banking Group has priced its £3.1 billion ($4.94 billion) equivalent Permanent Master Issuer 2011-2 public residential mortgage securitization.
