Additions to the pipeline last week were fairly broadly split. There were five ABS added, along with three RMBS, four CMBS and two CLOs.
US$750m Bank of the West Auto Trust 2017-1, Bavarian Sky German Loans 7, US$210m CFG Investments 2017-1; US$1bn Honda Auto Receivables 2017-3 Owner Trust and Securitized Term Auto Receivables Trust 2017-2 accounted for the ABS. The RMBS were Green Apple 2017-1, HBS Trust 2017 and Pepper Residential Securities Trust No.19.
US$283m COMM 2017-DLTA, US$1bn Great Wolf Trust 2017-WOLF, US$233m STACR 2017-DNA3 and US$818.3m UBS 2017-C4 constituted the CMBS. The CLOs were US$456.7m AMMC CLO 21 and US$817.5m Gilbert Park CLO.
The week's prints were also relatively varied, although ABS and CLOs did once again account for the bulk of issuance. There were five of the former and seven of the latter, along with four RMBS and a CMBS.
The ABS were: €685m Globaldrive Auto Receivables 2017-A; US$1bn GM Financial Automobile Lease Trust 2017-3; £140m LaSer ABS 2017-1; Nkr2.2bn Scandinavian Consumer Loans VI; and £546m Silver Arrow UK 2017-1.
The RMBS were: A$1.5bn Apollo Trust 2017-2; A$500m Firstmac Mortgage Funding Trust No.4 Series 2017-2; US$1.5bn-equivalent Gosforth 2017-1; and £275m Together Asset Backed Securitisation 1. The CMBS was US$1.4bn FREMF Series 2017-K727.
The CLOs were: €386.6m Accunia European CLO II; US$712.9m Benefit Street Partners CLO 2017-12; US$516m Anchorage Capital CLO 2013-1R; €468m Dryden Leveraged Loan CDO 2015-39R; US$606m Gallatin Funding 2017-1; US$376m Neuberger Berman CLO 2013-15R; and €435.15m Tikehau CLO III.
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