Monday 16 November 2020 11:06 London/ 06.06 New York/ 19.06 Tokyo

A review of securitisation activity over the past seven days

SRT seminar NEXT WEEK
Join SCI on 23 and 24 November for its virtual 6th Annual Capital Relief Trades Seminar, which will explore a number of recent regulatory developments that underline European policymaker support for balance sheet synthetic securitisation. The event also examines the latest trends and activity across the significant risk transfer sector.
Highlights of this year's seminar include fireside chats with PGGM's Mascha Canio and EBA policy expert Pablo Sinausía. The event will conclude with SCI's CRT Awards presentations. For more information or to register, click here.

Last week's stories
CLO resurgence?
Primary spike contingent on sustained positivity
Morgan motors
JP Morgan puts its foot on the gas in CRT highway
Revised stance
Parliament backtracks on structural features
Transition revamp?
Legacy language amendments remain challenging
Utility ABS returns
Innovative minibond deal gains wider reception

Other deal-related news

  • A trio of ex-Ares Management partners have formed a new independent alternative credit investment firm that plans to adopt an active ESG screening approach (SCI 10 November).
  • The TCW Group has entered into a strategic investment agreement with Jefferies and Kennedy Lewis Investment Management to support new issuance of CLOs on the TCW platform (SCI 10 November).
  • NN Investment Partners has expanded its mortgage proposition with two new Dutch residential mortgage funds, which will purchase mortgages from Venn Hypotheken (SCI 10 November).
  • Citi is in the market with a new Dutch buy-to-let RMBS (SCI 11 November).
  • KBRA reports that over 85% (225) of the 263 deals in its rated US conduit CMBS universe have been impacted by interest shortfalls to varying degrees (SCI 12 November).
  • The Italian Ministry of the Economy and Finance has granted BPER Banca a state guarantee under the GACS scheme on the senior notes of its SPRING non-performing loan securitisation, with a nominal value of €320m (SCI 12 November).
  • ESMA has issued the official translations of its guidelines on securitisation repository data completeness and consistency thresholds (SCI 12 November).
  • Mount Logan Capital subsidiary Mount Logan Management has acquired from Garrison Investment Management and other sellers the rights under certain interests and agreements relating to Garrison Funding 2018-1 and Garrison MML CLO 2019-1 (SCI 13 November).
  • Atlantic Star Consulting data shows that 58 CLOs originally incorporated as Dutch SPVs have now set up Irish DACs (SCI 13 November).

Data


BWIC volume


×