Weekly Issue Archive »

Issue 413 - 19th November

  • News Analysis

    • CMBS

      • AQR spur

        Stress-test boost for non-core asset disposals

        European CRE loan sales are set to rise steadily in light of the ECB's recent asset quality review (AQR) and stress tests, with a fair portion likely to be securitised. Italy is expected to become the next jurisdiction to enter the fray, with non-cor...

  • Market Reports

    • CLOs

      • Quiet CLO market looks ahead

        The European CLO market has remained quiet over the last week. A sizable list due to trade on Wednesday could liven it up. "It has been really quiet again," says one trader. "We have been looking increasingly at US paper because the supply in Europ...

    • CMBS

      • Large lists lift Euro CMBS

        European CMBS secondary supply is being boosted by sizeable bid-lists, with paper trading today and set to trade tomorrow as well. A degree of weakness seems to have set in, with enhanced supply likely to exacerbate that. "There is hardly any clien...

      • CMBS supply up, spreads wider

        US CMBS spreads widened out a little yesterday as BWIC supply picked up from the quiet start to the week. SCI's PriceABS data captured a couple of pre-crisis names as well as a list of post-crisis ones. BWIC volume for the session was over US$270m....

    • RMBS

      • AON lists boost NA

        US non-agency RMBS secondary supply climbed yesterday as BWIC volume approached US$800m. Several lists were presented all-or-none and SCI's PriceABS data reveals a significant number of covers. Supply captured by PriceABS was overwhelmingly from 20...

  • SCIWire

    • Structured Finance

      • ECB wait continues

        While most of the market is waiting for the ECB, a European CLO list of non-eligible paper has been...

    • CMBS

      • CMBS supply keeps coming

        Sizeable European CMBS BWICs today and tomorrow are keeping the market active in the run-up to the m...

      • US CLO equity robust

        It's been a strong morning for the US CLO market with equity pieces in particular trading robustly. ...

      • Strong day for US RMBS

        The US non-agency RMBS market is seeing heavy BWIC volume and strong trading today after a disjointe...

      • Europe stays patchy

        European core and peripheral bonds across deal types continue to trade well where they do trade, but...

  • News

    • ABS

      • Unique exchange odds increase

        Enterprise Inns' latest results show income growth across the portfolio. With portfolio performance stabilised, the likelihood that the firm will look to reduce the amortisation profile on its Unique securitisation through a tender or exchange progra...

    • Structured Finance

      • SCI Start the Week - 17 November

        A look at the major activity in structured finance over the past seven days

        Pipeline A lot of deals joined the pipeline last week, with a strong line-up of ABS leading the way. There were 11 ABS, as well as one ILS, three RMBS, three CMBS and four CLOs. The ABS were: US$530m American Homes 4 Rent 2014-SFR3; US$750m CIT Eq...

  • Job Swaps

    • Structured Finance

      • Two added to head fund

        Nomura Asset Management has added Richard Hodges and Ben Bugg to its global fixed income team. They...

      • Structured head appointed

        Munish Varma has rejoined Deutsche Bank in London to lead structured solutions in its loans and depo...

    • CDS

      • Bank bags new team

        Toronto-Dominion Bank has hired a structured products team from Scotiabank to lead a new US-based sa...

    • CLOs

      • CLOs transferred in-house

        BNP Paribas has assigned its investment manager obligations for the Kintyre CLO I and Gillespie CLO...

      • Greystone adds in CMBS

        Gregory Krafcik has joined Greystone as md, based in Atlanta and reporting to Robert Russell, head o...

    • Insurance-linked securities

      • ILS experts join firm

        Todd Winchel and Robert Quinn have joined Wilmington Trust's global capital markets division to lead...

    • RMBS

      • Hogg joins B2R

        B2R Finance has named Jason Hogg as ceo. He will provide strategic direction to support B2R's expans...

  • News Round-up

      • Beneficial merger mooted

        Perella Weinberg Partners plans to merge its Flagship Credit Acceptance and CarFinance Capital auto...

      • FFELP portfolio acquired

        Navient has closed a new US$10bn student loan ABCP financing facility. The conduit matures in Novemb...

    • Structured Finance

      • Strong forecast for Asia

        Credit quality across the Asian securitisation and covered bond markets will remain strong overall i...

      • Green bond index unveiled

        Barclays and MSCI have launched a new green bond index family measuring the global market of fixed i...

      • HQS task force formed

        SFIG has established a new working group: the High Quality Securitization (HQS) Task Force. The HQS...

    • CDO

      • Trups defaults down again

        The number of combined defaults and deferrals for US bank Trups CDOs has slightly decreased to 22% a...

      • Abengoa CDS spikes

        Abengoa's five-year CDS spiked 128% last week, according to Fitch Solutions. This follows a results...

    • CLOs

      • Euro CLO overlap examined

        Morgan Stanley structured credit strategists have analysed European CLO 2.0 collateral, focusing on...

    • CMBS

      • Resolutions continue apace

        November remittances so far suggest that BSCMS 2005-PW10's delinquent pipeline has been cleaned out,...

    • Risk Management

      • IRB consultation launched

        The EBA has launched a consultation on its draft regulatory technical standards (RTS) on an assessme...

      • Capital floor introduced

        The Basel Committee has published two documents in preparation for the G20 Leaders' Summit in Brisba...


Print this issue Click here to access this issue in print format
×