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Issue 590 - 11th May

  • News Analysis

    • Capital Relief Trades

      • Standardised bank issuance picking up

        Standardised bank issuance of capital relief trades is picking up, despite the market having long been the purview of larger internal rating based (IRB) banks. This is driven by rating agencies offering more flexible benchmarking and the Juncker plan...

    • RMBS

      • RMBS double follows UKAR disposal

        Barclays is prepping two RMBS - dubbed Durham 1 and 2 - of Bradford & Bingley legacy mortgage loans, after acquiring the remaining £5.3bn portfolio from UKAR (SCI 27 April), although they're likely to be preplaced. The asset sale and sec...

  • News

    • CMBS

      • UK CMBS signals sector surge

        Goldman Sachs is acting as arranger and lender on a £449.8m UK CMBS dubbed Ribbon Finance 2018. The transaction is a further sign of a resurgence in CMBS activity across Europe, with 2018 on target to surpass the last post-crisis bumper yea...

    • NPLs

      • BMPS deal taps ReoCo

        Banca Monte dei Paschi di Siena (BMPS) has completed its much-anticipated non-performing loan securitisation (SCI passim). Dubbed Siena NPL 2018, the €4.33bn transaction securitises exposures equivalent to a gross book value of around &e...

  • Market Moves

    • Structured Finance

      • Market moves - 11 May

        Acquisitions Blackstone is set to acquire all outstanding common shares of Gramercy Property Trust for US$27.50 per share in an all-cash transaction valued at US$7.6bn. The transaction represents a premium of 23% over the 30-day volume-weighted ave...


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