NPLs

NPLs refers to securitisations that are structured utilising non-performing loans from either one or a collection of loan issuers. Typically involving large whole loan portfolios from distressed asset investors or non-core asset disposals from a bank, NPL securitisations are a strongly growing part of the structured credit and ABS markets. NPL structures used to date include ABS, RMBS and CLOs, though it is likely that these will broaden to CMBS and beyond in time.


  • SCI CRT Awards 2020

    Issuer of the Year: Intesa Sanpaolo

    Intesa Sanpaolo has won the Issuer of the Year category at SCI’s Capital Relief Trades Awa...

    News    30 November 2020
  • SCI Start the Week - 30 November

    A review of securitisation activity over the past seven days

    Last week's stories Double trouble Two - not one - JP Morgan corporate loan CRT trades h...

    News    30 November 2020
  • NPL ABS capital treatment amended

    Sector developments and company hires

    NPL ABS capital treatment amended The Basel Committee has published a technical amendment in connec...

    Market moves    27 November 2020
  • Jumbo BDC merger agreed

    Sector developments and company hires

    Jumbo BDC merger agreed FS/KKR Advisor, a partnership between FS Investments and KKR Credit Advis...

    Market moves    26 November 2020
  • Restructuring boost

    Project Galaxy portfolio acquired

    Alpha Bank has selected US investment fund Davidson Kempner as its preferred bidder over PIMCO for i...

    News    24 November 2020
  • Greek synthetics eyed

    Alantra targets CRTs, new jurisdictions

    Alantra has evolved to become one of the premier players in the non-performing loan markets by utili...

    News Analysis    20 November 2020
  • Positive outlook

    DoValue signs NPL MoU

    DoValue has signed a memorandum of understanding with Bain Capital Credit for the exclusive manageme...

    News    20 November 2020
  • SCI Start the Week - 16 November

    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 Trad...

    News    16 November 2020
  • Shortfalls hitting rated CMBS notes

    Sector developments and company hires

    Shortfalls hitting rated CMBS notes KBRA reports that over 85% (225) of the 263 deals in its rated...

    Market moves    12 November 2020
  • SCI Start the Week - 9 November

    Last week's stories ESG philosophy Federated Hermes answers SCI's questions F...

    News    9 November 2020
  • Strategic partnership expanded

    Sector developments and company hires

    Strategic partnership expanded Pretium has entered into an expanded strategic partnership with Am...

    Market moves    3 November 2020
  • Finish line

    Galaxy nears completion

    Alpha Bank has received two binding offers for its Galaxy project (SCI 6 August). The transaction wi...

    News    2 November 2020
  • SCI Start the Week - 2 November

    A review of securitisation activity over the past seven days

    Last week's stories Best-of-breed network Arrow Global Group answers SCI's quest...

    News    2 November 2020
  • Risk transfer boost

    US CRT market picks up

    The US capital relief trades market has witnessed a boost in issuance this year following transactio...

    News Analysis    29 October 2020
  • Best-of-breed network

    Zach Lewy, founder and group cio of Arrow Global Group, answers SCI's questions

    Q: How and when did Arrow Global Group become involved in the non-performing loan market? A: Arrow...

    The Structured Credit Interview    27 October 2020
  • AMCO deal completed

    Sector developments and company hires

    AMCO deal completed Monte dei Paschi di Siena has completed an innovative €4bn limited-r...

    Market moves    26 October 2020
  • SCI Start the Week - 26 October

    A review of securitisation activity over the past seven days

    Last week's stories Corona kickstart Constellation of factors coalesced to push the US C...

    News    26 October 2020
  • First EGF guarantee inked

    Sector developments and company hires

    First EGF guarantee inked The EIB has approved €5.1bn of new financing to support investme...

    Market moves    14 October 2020
  • SCI Start the Week - 12 October

    A review of securitisation activity over the past seven days

    Last week's stories Absolute attraction Absolute 2021-1 shows growth of US CRT market and pass-t...

    News    12 October 2020
  • US CLO recovery continues

    Sector developments and company hires

    US CLO recovery continues US CLO OC cushions are continuing to recover, according to the lates...

    Market moves    9 October 2020
  • Litigation finance fund formed

    Sector developments and company hires

    Litigation finance fund formed Tetragon and its diversified alternative asset management business...

    Market moves    8 October 2020