Weekly Issue Archive »

Issue 574 - 19th January

  • News Analysis

    • NPLs

      • AnaCap extends Romanian foothold

        A consortium led by AnaCap, Czech debt recovery firm APS and Deutsche Bank has won the bid for a non-performing loan portfolio put up for sale by Alpha Bank Romania. The €360m corporate transaction coincided with another €50m Roma...

    • RMBS

      • Non-QM tipped as 'next opportunity'

        Last year marked the beginning of a transition from a post-crisis distressed recovery trade to a more efficient market for the US securitisation sector, underpinned by robust performance and favourable economic conditions. Against this backdrop, mort...

  • News

    • Structured Finance

      • SCI Start the Week - 15 January

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

        Pipeline Last week saw a ramping up of additions to the pipeline, led by ABS and RMBS. There were seven ABS and an ILS added, along with nine RMBS, a CMBS and two CLOs. The ABS were: US$1.25bn BMW Vehicle Owner Trust 2018-A; US$1.15bn CarMax Auto...

    • Capital Relief Trades

      • Carillion liquidation met with cautious optimism

        The Irish stock exchange announced this week that a company, believed to be liquidated construction giant Carillion, triggered a credit event for HSBC's US$300m CLN dubbed 'Metrix portfolio distribution'. Despite the event, the market's initial react...

    • CLOs

      • CLO collateral defaults eyed

         Defaulted collateral in US 2.0 CLOs rose through December, as increased leveraged loan defaults filtered through from November. While defaults in European 2.0 CLOs have remained steady, CLO managers have notably moved out of previously heav...

  • Market Moves

    • Structured Finance

      • Market moves - 19 January

        Acquisitions RenaissanceRe Ventures is set to acquire a minority shareholding in Catalina Holdings (Bermuda), with the aim of helping the business to explore a wider range of transaction structures. The agreement is subject to regulatory approval a...


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