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
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UniCredit is structuring a €6bn Italian non-performing loan (NPL) securitization called Prisma, which is set to qualify for Italy’s state-sponsored guarantee scheme and will send the bank below its €10bn NPL target. -
Crédit Immobilier de France Developpement (CIFD) has cut the class ‘C’ tranche from its debut RMBS deal, chopping away the buy-to-let (BTL) part of its portfolio to snare additional benefits from the simple, transparent and standardised (STS) framework.
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Nationwide this week launched a consent solicitation to switch Silverstone Master Issuer 2018-1 from Libor to the Sonia benchmark, opting for ‘positive consent’ in asking noteholders to make the switch.
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The Bank of England should extend Libor beyond its set date of 2021 — or risk financial institutions setting their own rules.
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Libor may be extended beyond the cut-off date of 2021, sources told GlobalCapital this week, as the market braces for litigation over more than $1tr of Libor-linked mortgages. Tom Brown reports.
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Aegon and NIBC have both retrofit their Dutch RMBS deals, Saecure 16 and Dutch MBS 19, with the ‘simple, transparent and standardised’ (STS) regulatory label as the liquidity coverage ratio (LCR) deadline of April 2020 approaches.
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Caixa Economica Montepio Geral, the bank holding company, has mandated JP Morgan to arrange its third public NPL securitization, with the Portuguese lender closing in on getting its non-performing exposures (NPE) below the 10% mark.
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Crédit Immobilier de France Developpement has mandated BNP Paribas and Crédit Agricole for its public market securitization debut. The issuer was the first to qualify for the ‘simple, transparent and standardised’ (STS) standard with a private placement earlier this year.
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The European Commission has approved Greek plans to set up a scheme called Hercules to enable the country’s banks to cut their non-performing loan (NPL) exposures.
