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Issue 454 - 11th September

  • News

    • Structured Finance

      • SCI Start the Week - 7 September

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

        Pipeline Last week six ABS, five RMBS, one CMBS and two CLOs were added to the pipeline. The CMBS was Taurus 2015-3 EU DAC and the CLOs were US$398m NewStar Commercial Loan Funding 2015-2 and US$512m York CLO-2. The ABS were: US$131.2m CarNow Auto...

    • CLOs

      • Equity gap

        CLO equity approaches diverging

        A two-tier system is emerging within US CLO equity as large investors competitively expand their mandate while smaller players move out of the market. This emerging gap is also manifested in a wave of manager consolidation, as risk retention remains...

    • CMBS

      • CMBS loans enter special servicing

        The US$61.8m Phoenix Airport Marriott loan has returned to special servicing, having previously gone into special servicing last year (see SCI's CMBS loan events database). The loan is securitised in BACM 2006-3. The Phoenix Airport Marriott loan h...

  • Job Swaps

    • Structured Finance

      • Trade credit chief hired

        Aon Risk Solutions has hired Pieter van Ede as head of business development, global trade credit. Ed...

      • Ex-US business head hired

        Shaun Curry has joined Prytania Investment Advisors as head of business development. In this role fo...

    • CLOs

      • TICC terms revised

        TICC Capital has revised the terms over its agreed acquisition by Benefit Street Partners (...

      • CLO co-head appointed

        Natixis has appointed Alex Zilberman as co-head of US CLOs and structured credit in its global struc...

    • Insurance-linked securities

      • CATCo assets sold

        Markel is set to acquire CATCo Investment Management's assets in a deal that is expected to...

  • News Round-up

      • Madden impact put to test

        The recent Madden Ruling by the US Court of Appeals for the Second Circuit could have a limited, but...

    • Structured Finance

      • SME lending deal boosted

        Prospa has brought to the market the first Australian securitisation of unsecured, online business l...

    • CMBS

      • CRE outlook 'tempered'

        Moody's is advocating caution for the European CRE sector against the backdrop of a nascent recovery...

      • MBS guide rules updated

        Ginnie Mae has made a number of updates to its issuer business status criteria in its MBS g...

      • Rates masking RMBS risk

        Moody's suggests that low interest rates are currently masking key drivers of Australian mortgage de...


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