Latest news
Latest news
TwentyFour priced its Dutch prime RMBS refi, Blackstone its sterling logistics CMBS
Blackstone is aiming to execute its CMBS before the market shuts for Global ABS
TwentyFour released IPTs with its announcement, aiming for a three-day execution
More articles
More articles
-
Belgium-based Argenta Spaarbank is back in the Dutch RMBS market after a three year break, having last issued an RMBS transaction in 2019. The issuer is only selling the senior tranche, which has a minimum target pricing of €500m. -
Greece has overtaken Italy as the biggest source of non-performing-loan ABS issuance in Europe, with banks stepping up issuance with a slew of transactions in 2021 as Italian institutions wind down their post-financial crisis backlog of bad debt.
-
As inflation indicators across the globe begin to point to a period of sustained growth, equity investors have fretted over where to put their money instead of tech stocks, whose valuations have reached gargantuan multiples. There is a compelling argument to be made for rotating into Greece, specifically its banks, which will have to finance a new wave of economic growth.
-
Venn has mandated BNP Paribas, Citi and SMBC Nikko for Cartesian 6, a Dutch prime RMBS deal which carries the STS label. Sources hope this will lead to tight pricing for the issuer.
-
Greece’s Alpha Bank has launched an €800m capital raise to prepare for growth as the country benefits from the clean-up of non-performing loans and EU Next Generation funds.
-
Arrangers BNP Paribas, Barclays and Macquarie Bank sold the joint-tightest European buy-to-let RMBS since 2008 on Thursday, with Domi 2021-1 tying first place for record senior note spreads with Dutch Property Finance 2018-1.
-
Angel Oak issued the first non-agency RMBS to qualify as a social bond in the US, which is backed by loans offered to underserved self-employed consumers. The transaction benefited from favorable market conditions, with investors eager to absorb social bonds specifically, and ESG bonds starting to trade at a premium.
-
The Joint Committee of the European Supervisory Authorities (ESAs) has released its hotly anticipated report on European securitization. But market participants are calling it a missed opportunity, pointing out that it fails to address recommendations made by the High Level Forum on the Capital Markets Union to develop the market.
-
Angel Oak Capital Advisors issued the first non-agency mortgage-backed securitization to qualify as a social bond. The transaction is backed by loans that offer mortgage financing solutions for underserved consumers in the US, particularly those who are unable to borrow through traditional lending channels.
