Latest news
Latest news
Master trust to finance Rothesay’s purchase of HSBC’s French mortgage book
BMW also priced its UK prime auto ABS
The €500m deal uses a master trust structure
More articles
More articles
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JP Morgan has been mandated as sole arranger and lead manager by Banco Santander Totta to explore investor interest for its Portuguese non-performing loans (NPL), according to an email to investors seen by GlobalCapital. -
Large US banks are shifting their mortgage bond exposure into hold-to-maturity accounts to dodge the impact of rising interest rates on their regulatory capital holdings, a trend that could undermine market performance in the long run, according to JP Morgan analysts.
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Four months after acquiring a €5bn Irish mortgage pool from Lloyds, Barclays announced an RMBS transaction to securitize part of it last Friday.
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Arrangers and joint leads JP Morgan and Lloyds are marketing Oak No.2 Plc – a prime UK RMBS from challenger bank Aldermore, according to an announcement last Friday.
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UK insurer Just Group said in its half-year results on Thursday that it had the flexibility to issue tier two or restricted tier one capital, amid worries about the impact on its capital of the Prudential Regulation Authority’s proposal for equity release mortgages.
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Deal flow is picking up across US structured products midweek, with investors offered a smattering of securitized assets including a Sallie Mae private student loan deal and a non-agency RMBS offering from Flagstar.
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Barratt Developments said on Wednesday that its UK house completions have posted the "highest volumes in a decade", delivering some optimism to a market which has recently seen a dip.
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Brass No.7, a prime sterling UK RMBS from Yorkshire Building Society, hit the market this week, lining up behind a sterling buy-to-let (BTL) RMBS already in the pipeline. The deals will give market players a glimpse of where sterling ABS is pricing as summer winds down.
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Fund investors have taken on the senior debt supporting a €1.4bn acquisition of a Bank of Cyprus non-performing loan portfolio by Apollo Global Management last week, despite its lack of a rating.
