Latest news
Latest news
Investors able to cherry pick deals from wide variety
PRA and FCA go much further than EU in loosening rules
Liberated issuers will still have to follow European regulations if they want to sell in EU
More articles
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UK buy-to-let deal Oat Hill No.1 and a pair of European CLOs were priced on Friday, as market participants prepared to descend on Barcelona for Global ABS, which kicks off Tuesday. -
Banking is the business of confidence and trust. While the real work of cleaning up balance sheets is important, being seen to act swiftly, decisively and comprehensively is just as important. Impressions matter — whatever the underlying reality.
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UniCredit’s flagship non-perfoming loan (NPL) sale, Project Fino — which stands for “failure is not an option” — will only raise 40% of its cash up front, with UniCredit granting Pimco and Fortress, the buyers of the €17.7bn portfolio, more than three years to pay the rest.
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Investors looking to take a punt on the Irish economic recovery should be pleased with strong annual results from the country’s ‘bad bank’, as well as a broad improvement in the domestic housing market.
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The Atlante II fund, the Italian bank-backed investment vehicle tasked with tackling the mountain of Italian non-performing loans, has been given the exclusive right to securitize the €1.6bn portfolio of Banca Monte dei Paschi di Siena (MPS).
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The UK RMBS market is picking up steam following the pricing of the year’s first prime offering from Principality Building Society and a buy-to-let offering backed by prime mortgages.
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The European ABS market shifted to high gear this week, as market participants prepare to head off to Barcelona for Global ABS on June 6.
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Dutch mortgage lender Obvion is marketing its second ever green RMBS transaction, Green Storm 2017, on the back of heavy investor demand for its debut green deal last year.
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There is no easy answer to the non-performing loan problem that continues to weigh on Italian banks, but rather than a lasting solution it's touted to be, the Atlante fund is nothing more than a short term fix.
