US Securitization
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GoldenTree finally prices triple-As at tightest new issue spread of 2024 -
Restaurant chain failed to redeem $150m of its securitization on ARD, but new owner says bonds will be repaid
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Deal is buy now pay later lender's second largest ever
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◆ CLO ETFs excite Europeans ◆ Santander prices huge German securitization
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Two more deals from the sector have joined the visible pipeline
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Proposal from Biden administration is likely to increase prepayments in asset class
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150bp barrier broken and tier one managers pile in
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The state pension fund is allocating $400m to SRT through the French fund manager's alternative investment arm
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As the spread discount for refis narrows, managers are likely to head straight for the reset
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The deal was increased to $700m to accommodate demand
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Varied pipeline also includes deals from consumer and data center issuers
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Resets and refis dominate the pipeline but managers struggle to push below 150bp
