Latest news
Latest news
€300m of reoffered bonds priced at par, another tranche to be placed privately
Deals including some commercial mortgages expected to follow
More articles
More articles
-
Lead bank Morgan Stanley issued revised price thoughts for Gedesco Trade Receivables 2020-1 on Thursday, offering investors a wider spread on the bonds as conditions in the ABS market show signs of deteriorating. -
Specialist Dutch lender Domivest has mandated Citi and Macquarie Bank as arrangers and Barclays, Citi and Macquarie as joint-lead managers for its second buy-to-let RMBS, Domi 2020-1, assessing market sentiment in roadshow this week.
-
Spanish banks dodged potentially billions in compensation costs after the European Court of Justice (ECJ) kicked a mortgage dispute on to local Spanish courts, allowing borrowers to switch to a more affordable rate. While the ruling is a win for banks, it is a potential credit negative for some legacy RMBS.
-
Non-conforming residential mortgage lender BlueStep Bank, which had previously funded itself with RMBS, is set to become the eighth Swedish borrower to issue covered bonds, which were assigned a provisional rating from Moody’s on Monday.
-
Crédit Agricole is bringing a €1.156bn French RMBS from its Habitat shelf, only the third deal of the series to offer notes to investors.
-
Eurobank has submitted applications for the senior tranches of a securitization backed by a €7.5bn loan portfolio to qualify for the Hellenic Asset Protection Scheme, known as ‘Hercules’, making it among the first to qualify for the programme if it is approved.
-
An amendment to the UK Securitization law is set to come into effect at the end of 2020 when the Brexit transition period ends, clearing up confusion around the definition of sponsor in a move that could see the UK and the EU regimes diverge, said Mayor Brown in a notice released Thursday.
-
Charter Court has priced its second sterling RMBS of the year with the help of arranger Lloyds and joint lead Bank of America, making a quick return to market following a deal in January.
-
With the environmental, social and governance revolution well under way, attention has turned to the securitization market after recent deals pushed the issue to the top of the agenda. There has been talk of retrofitting the ‘simple, transparent and standardised’ (STS) regulatory framework with a ‘green’ or ‘ESG’ category, but regulators should think twice before conflating both themes.
