Latest news
Latest news
Public versus private distinction scrapped for disclosure plus new, simplified templates for mature asset classes
Meanwhile, ADMT has set guidance for its $602m non-prime deal
Fortress agrees forward flow for €500m of unique assets
More articles
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Intesa Sanpaolo has fully retained a €7.5bn dual-tranche mortgage transaction, adding to its supply of retained repo collateral for central bank operations. -
Goldman Sachs priced a €350m Dutch RMBS on Monday, with the senior class ‘A’ notes landing with a discount margin of 48bp over three month Euribor. Excluding the class ‘A’ notes, the capital stack was sold using a reverse Dutch auction.
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Banco Bilbao Vizcaya Argentaria (BBVA) has structured a large Spanish RMBS, likely to be retained and used as central bank collateral. The deal is made up of 88.1% BBVA mortgages, with another 10.2% originated by CatalunyaCaxia Banc, which was bailed out and bought out of state ownership by BBVA following the financial crisis.
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UK challenger Atom Bank has sold a fully preplaced UK RMBS, Elvet Mortgages 2019-1, in a structure similar to the Pimco-sponsored securitizations of legacy UK mortgages — but not bought by the west coast investor, GlobalCapital understands. The £507m portfolio represents almost a quarter of the bank’s mortgages, based on its last published financials.
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UK based mortgage start-up lender, Perenna, aims to revolutionise the UK's mortgage market by introducing a 30 year fixed rate loan that will be financed with the same pass through covered bonds that are widely used in the Denmark.
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RMBS sponsors rushed to price new deals before the US market closed for the Thanksgiving holiday, with two deals clearing the pipeline on Tuesday, while a “milestone” RMBS crossed the finish line on Wednesday afternoon.
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Thinner liquidity at the end of the year and sterling buyers that know when a deal is struggling pushed Co-op Bank’s RMBS market return wide of guidance on Tuesday, pointing the way to a market that’s ready to shut up shop, outside of central bank-eligible sectors.
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NN Investment Partners (NNIP) has taken a majority stake in Venn Hypotheken, the mortgage lender set up by investment manager Venn Partners, it said this week.
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Clydesdale Banking Group followed other UK master trust issuers in backdating ‘Simple Transparent and Standardised’ status across the series, announcing on Monday that senior notes from 2015-1 onwards should be eligible for the designation.
