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.


  • Disposals pending

    Irish NPL activity set for rebound

    The Irish non-performing loan market is set for a rebound in the second half of the year, following...

    News    23 July 2021
  • Asset quality boon

    EU bank credit conditions normalise

    Credit conditions for European banks are normalising and prospects for the second half of the year l...

    News    21 July 2021
  • Jamaica in cat bond first

    Sector developments and company hires

    Jamaica in cat bond first The World Bank/IBRD has priced a catastrophe bond that will provide the g...

    Market moves    20 July 2021
  • SCI Start the Week - 19 July

    A review of SCI's latest content

    Last week's news and analysis Back in vogue? Reverse equity to test market appetite B...

    News    19 July 2021
  • SCI Start the Week - 12 July

    A review of SCI's latest content

    Last week's news and analysis Forbearances south of 2m Forbearances below 2m for 1st tim...

    News    12 July 2021
  • Stable outlook

    NPL ABS potential underlined

    Greece is now leading the way in Europe’s bad loan clean-up, participants in a recent DBRS...

    News    9 July 2021
  • NPL facility inked

    Sector developments and company hires

    NPL facility inked Together Financial Services has launched a new £96.2m securitisation v...

    Market moves    6 July 2021
  • Innovative NPL ABS inked

    CF opts for ReoCo rather than GACS

    Credito Fondiario has finalised an unusual Italian non-performing loan securitisation that falls out...

    News Analysis    30 June 2021
  • SCI Start the Week - 28 June

    A review of SCI's latest content

    CLO seminar tomorrow SCI’s 1st Annual CLO Special Opportunities Seminar is takin...

    News    28 June 2021
  • Leading the pack

    UniCredit tops NPL sales

    UniCredit has topped the list for European non-performing loan sales since 2019, according to new da...

    News    25 June 2021
  • SCI Start the Week - 21 June

    A review of securitisation activity over the past seven days

    Last week's stories AutoNoria returns BNP Paribas draws crowd Counting Calabria The Supreme...

    News    21 June 2021
  • NPL ABS return

    Government guarantees dominate 2020 NPE activity

    Government guaranteed non-performing loan securitisations in Italy and Greece dominated NPL transact...

    News    15 June 2021
  • SCI Start the Week - 7 June

    A review of securitisation activity over the past seven days

    Last week's stories Canuck rumours Canadian banks said to be circling CRT Capital cushions B...

    News    7 June 2021
  • Revised expectations

    Italian NPL business plans underperform

    Italian NPL transaction collections are largely underperforming expectations, partly due to the impa...

    News    4 June 2021
  • Positive prospects

    Italian NPL ABS growth pending

    Italy’s NPL market remained busy last year despite Covid-related uncertainty, and investor...

    News Analysis    4 June 2021
  • SCI Start the Week - 17 May

    A review of securitisation activity over the past seven days

    Last week's stories Biden bonanza Vast infrastructure package to energise project finance CLOs ...

    News    17 May 2021
  • Geographical divergence

    CSEE moratoria more likely to underperform

    EU banks set aside large provisions in 2020 in anticipation of Covid-induced higher default rates, b...

    News Analysis    11 May 2021
  • SCI Start the Week - 10 May

    A review of securitisation activity over the past seven days

    Last week's stories Niche exposure CFE Finance answers SCI's questions NPL rebound? Secured...

    News    10 May 2021
  • NPL rebound?

    Secured loan sales set for 2022 return

    European secured loan sales witnessed their sharpest contraction last year as the coronavirus pandem...

    News    6 May 2021
  • Greek investment partnership inked

    Sector developments and company hires

    Greek investment partnership inked Mount Street Group has formed a strategic partnership in Greec...

    Market moves    29 April 2021
  • Vertical structure

    Rare Spanish NPL ABS closed

    Morgan Stanley last month closed a rare Spanish non-performing loan securitisation, dubbed Retiro Mo...

    News Analysis    29 April 2021