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Issue 228 - 6th April

  • Market Reports

    • ABS

      • Anticipation builds for Maiden Lane disposals

        US ABS market participants are busy preparing for the first Maiden Lane II portfolio auction, details of which are due to be distributed today with final bids expected on Wednesday (6 April). The liquidation process is set to facilitate increased tra...

    • CLOs

      • Euro CLO market softens

        Softening in the European CLO market continues, with participants predicting another quiet week ahead. This is said to be a reaction to the previous period of fast-selling, as well as to macro issues that are finally impacting the sector. "Overall...

    • CMBS

      • US CMBS on a tightening trend

        A reduction in bid-list activity has driven spreads tighter in the US CMBS market this week. At the same time, differentiation among the better names is emerging. "This week was relatively slow and it was the bid-lists that were hit the most. On av...

    • RMBS

      • Mixed performance for Euro MBS

        European MBS performance has been mixed so far this week as investors react to wider credit pressures. Although RMBS pricing levels appear to be holding up, senior CMBS paper is exhibiting some weakness. "It's been very quiet over the past week for...

  • News

    • ABS

      • Renewables deals prepped

        Two European renewables securitisations - each in excess of approximately €750m - are expected to launch shortly, one of which will be preplaced. Each deal is anticipated to securitise renewable receivables generated fro...

    • CDS

      • West is best for CDS

        The ten best performing sovereign credits of 1Q11 were from the western hemisphere, according to a new CDS report by Markit. Meanwhile, seven of the ten underperformers came from the Middle East and North Africa. Of the ten top performers from the...

    • CMBS

      • Call for CMBS retention rule changes

        Certain portions of the risk retention rules proposed by the federal agencies last week (see SCI 30 March) have generated heated debate among industry participants. While the proposals have positive aspects, there are also some concerning implication...

      • B-piece investment trends analysed

        US CMBS B-piece investment volume has reached about US$470m so far this year - an increase on 2010's total of US$280m, but significantly short of the sector's peak in 2007 at an estimated US$6bn. Based on full-year CMBS issuance forecasts o...

  • Job Swaps

    • ABS

      • Broker on hiring spree

        CRT Capital Group has announced a raft of new hires in its securitised products and credit products...

      • Promotion for SF partner

        Mallesons Stephen Jaques has promoted Stuart Fuller to chief executive partner, effective from Janua...

    • CDO

      • CRE CDO transfer proposed

        Details have emerged about one of the CDOs whose collateral management agreement Winthrop Realty Tru...

    • CDS

      • ISDA DC members named

        ISDA has announced the new members of its five regional Determinations Committees, which comprise th...

    • CLOs

      • AIB unloads its CLOs

        GSO Capital Partners has acquired AIB Capital Markets' €1.7bn collateral management busine...

    • CMBS

      • CREFC ceo appointed

        The CRE Finance Council has appointed Stephen Renna as ceo, effective from 1 May. Under Renna's dire...

    • RMBS

      • RMBS vet moves on

        RMBS specialist Jay Hohman has joined Cohen & Company Capital Markets as md. He was previous...

  • News Round-up

      • Spirit demerger reviewed

        Moody's has commented on the demerger of the Spirit Group from parent Punch Taverns and the creation...

    • CDO

      • ABS CDOs transferred

        Wharton Asset Management has assigned its management responsibilities for the G Street Finance, G Sq...

    • CDS

      • SEF preparations underway

        JPMorgan has electronically executed and cleared CDS and IRS trades on Bloomberg's Fixed Income Elec...

      • OTC pricing tool launched

        Numerix has launched LiquidAsset, a new solution for the pricing of commonly traded OTC derivative i...

      • Static CLO closed

        KKR Financial Holdings has closed a US$400m static CLO dubbed KKR Financial CLO 2011-1. The transact...

      • EMEA CMBS criteria updated

        Fitch has released an updated version its EMEA CMBS rating criteria, which supersedes and replaces t...

      • Euro CRE crisis threatens

        Navigant has warned of a looming commercial property funding crisis in the UK and Europe. The firm's...


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