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
-
The European pipeline has begun to bulge with a volley of new deals entering the market in the two weeks following the IMN/Afme Global ABS conference in Barcelona, with UK and Dutch RMBS, German ABS, and UK SMEs all on offer. -
Paratus is bringing a UK buy-to-let RMBS via arrangers Bank of America and Natixis. The deal's coupons will be linked to the Libor benchmark rather than Sonia, to which the majority of the sterling securitization market switched over before the Global ABS Barcelona conference.
-
Moody’s this week downgraded an RMBS from debut issuer LendInvest less than two weeks after the online mortgage lender brought the UK prime buy-to-let deal to market. The episode is a rare occurrence in the European securitization market.
-
A roadshow is taking place in London on June 24 for a €336m Irish RMBS backed by performing and reperforming, mostly owner-occupied mortgages. Morgan Stanley is bringing the deal, acting as sole arranger and lead manager.
-
European securitization investors this week are pricing longer duration deals tighter than earlier in the year, made comfortable by the ‘simple, transparent and standardised’ (STS) label. This is being demonstrated on Tuesday by Argenta Spaarbank's Green Apple RMBS deal.
-
The primary pipeline is filling up following a busy Global ABS conference where several issuers met with investors after announcing plans to come to market. Paragon is the first out of the door post-conference with a UK buy-to-let (BTL) RMBS, Paragon Mortgages No. 26.
-
UniCredit has teamed up with Pimco, GWM and Finance Roma for Project Sandokan 2, a co-investment programme which entered its operational phase on Thursday. It follows the successful launch of the debut Sandokan project, involving €1.3bn of loans implemented in December, 2016.
-
Pepper Money has mandated Citi and National Australia Bank as arrangers for its non-conforming UK RMBS deal Polaris 2019-1, the first securitization of loans originated by Pepper UK in the region and the first from the issuer to be pegged to Sonia.
-
Argenta Spaarbank is issuing a new Dutch residential mortgage securitization via arranger ABN Amro. It has three tranches backed by Dutch owner-occupied mortgages and is structured in a similar fashion to the issuer’s previous deals.
