Latest news
Latest news
The £500m trade is the joint largest non-bank credit card ABS, matched by CoT’s previous deal
Lendco also added a UK BTL RMBS to the pipeline
This is the second RMBS deal from the PIF-backed issuer
More articles
More articles
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The UK non-conforming mortgage sector’s woes worsened this week with the wide pricing of two transactions.
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An unprecedented volume of European ABS for this time of year hit the market this week, as investors devoured a Eu16bn feast of deals at tight spreads.
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Merrill Lynch priced a £450m securitisation of UK non-conforming mortgages from its subsidiary Mortgages Plc this week.
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A dearth of Dutch supply this year and strong collateral resulted in huge demand for Friesland Bank’s Eu925m RMBS, Stichting Eleven Cities No 3.
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The UK non-conforming RMBS market continued to display softness this week with the pricing of Basinghall Finance’s Clavis 2007-1.
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Russia’s Agency for Home Mortgage Lending took the country a further step toward a viable domestic securitisation market this week with the launch of its R3.295bn RMBS.
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Barclays Capital is preparing a synthetic balance sheet CLO for Danske Bank.
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The credit default swap-driven weakness in UK non-conforming RMBS continued this week as another deal’s triple-B notes offered a spread of 120bp and others received price guidance in three figures.
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The UK mortgage master trust sector demonstrated its renowned resilience this week as investors ignored weakness in the UK non-conforming sector to snap up the latest offering from Northern Rock.