Latest news
Latest news
It plans to include transactions backed by second lien fixed rate mortgages originated post-crisis
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
More articles
More articles
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Companies could be stopped from picking their favourite jurisdiction for restructurings, if a crucial ruling over the fate of troubled heat exchanger firm Galapagos SA goes in favour of a group of high yield bondholders. -
Pepper Group has mandated Citi and NatWest Markets as to arrange Castell 2019-1, a full capital stack UK RMBS transaction backed by second lien mortgages.
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A no-deal Brexit has the potential to cleave the European securitization market by seeing different rules apply in the the UK — its largest component — from the rest of the EU. Tom Brown reports.
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A trio of banks led Aldermore’s third RMBS towards the tighter end of price guidance to sell the senior notes at 80bp over Sonia.
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Arrangers Lloyds and Bank of America Merrill Lynch, along with joint lead BNP Paribas, have announced initial price thoughts for Aldermore Bank’s Oak No.3 prime UK RMBS. The deal is set to qualify for the ‘simple, transparent and standardised’ (STS) label.
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Shareholders of the Budapest Stock Exchange (BÉT) decided to establish a securitization advisory subsidiary at a meeting held on August 14 to “facilitate the development of the domestic securitization market.”
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The European Central Bank is giving banks more time to provision for recently classified non-performing exposures, bringing its expectations into line with the EU’s new Capital Requirements Regulation.
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As Libor’s end date approaches, Fitch Ratings warns this week that investor consent for the switch to a replacement rate represents a significant challenge for legacy RMBS deals.
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Dutch investment manager Venn Partners has announced the closing of a €550m warehouse line for prime Dutch residential mortgages originated by the Venn Hypotheken platform.
