Weekly Issue Archive »

Issue 554 - 25th August

  • News Analysis

    • RMBS

      • Dutch deal breaks BTL ground

        RNHB last month priced a Dutch buy-to-let (BTL) RMBS dubbed Dutch Property Finance 2017-1 (see SCI's primary issuance database), marking the first of its kind from the jurisdiction and including several unusual features (SCI 17 July). However, only &...

    • NPLs

      • NPL auction model highlighted

        Online platform Debitos welcomes the European Commission's public consultation on the development of a secondary market for non-performing loans (SCI 11 July). The platform's auction process offers a potential model for dealing with Europe's NPL over...

      • Ukrainian NPL sales gain traction

        DebtX is set to facilitate the largest Ukrainian NPL portfolio sale next month, signalling a growing shift in sentiment by international investors in the country's NPL market. The US$240m commercial loan pool is secured by assets that are representat...

    • Structured Finance

      • Libor transition provisions eyed

        Despite the UK FCA's recent announcement that it plans to phase Libor out by 2021 (SCI 31 July), the move is far from an outright ban and the benchmark could live on past the deadline. However, without any agreement as yet about a successor rate, unc...

  • News

    • ABS

      • IBR driving collateral convergence

        FFELP student loan ABS collateral performance has converged in recent years due to the growing use of income-based repayments (IBR). Wells Fargo structured products analysts suggest that this convergence should spur investors to reassess their "old s...

      • Bond Connect debuts auto ABS

        Ford Automotive Finance (China) (FAFC) has launched the first securitisation utilising Bond Connect, which allows offshore investors to participate in China's inter-bank bond market. The RMB3.77bn Fuyuan 2017-2 auto loan ABS is also noteworthy for be...

    • Structured Finance

      • SCI Start the Week - 21 August

        A look at the major activity in structured finance over the past seven days

        Pipeline Only a handful of transactions remained in the pipeline at the end of last week. The majority of the deals were from the Asia-Pacific market. Accounting for the newly-announced APAC deals were the A$500m Latitude Australia Credit Card Loa...

    • CLOs

      • Debut CRE CLO closed

        Hunt Mortgage Group has closed its inaugural US$349.3m CRE CLO, dubbed Hunt CRE 2017-FL1. The transaction is backed by 23 floating-rate mortgages secured by 36 transitional properties, with plans to stabilise and improve the asset value. Hunt's fir...

    • CMBS

      • Large loan volatility examined

        Larger properties have shown higher default rates than smaller properties in US CMBS over the last decade, according to DBRS. While this is partly due to the recession, the rating agency also finds that cashflow is more volatile in portfolios of larg...

  • Job Swaps

    • Structured Finance

      • Job swaps round-up - 25 August

        EMEA Fitch has appointed Marjan van der Weijden as global group head of structured finance and covered bonds, based in London. She has been with Fitch for 18 years and most recently served as head of EMEA structured finance since 2010. The agency h...


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