Weekly Issue Archive »

Issue 500 - 5th August

  • News Analysis

    • RMBS

      • COLT confidence

        Rated non-prime RMBS shifts market dynamics

        The issuance of Lone Star Fund's COLT 2016-1 in June marked a turning point for the US non-prime RMBS space, as the deal was the first of its kind to be rated post-financial crisis (SCI 10 June). The sector still faces a number of hurdles, but the tr...

    • NPLs

      • NPL renaissance

        €9bn Italian ABS provides fresh impetus

        Banca Monte dei Paschi di Siena (MPS) announced last week that it plans to offload its entire portfolio of sofferenze (bad debt) loans into a securitisation vehicle. The move is a significant landmark in the recovery of the Italian non-performing loa...

  • SCIWire

    • CLOs

      • US CLOs still strong

        The US CLO secondary market is still maintaining the strong activity levels seen since the Brexit vo...

    • Secondary markets

      • US CLOs stay robust

        The US CLO secondary market is maintaining robust activity levels so far this week after a strong Ju...

  • News

    • Structured Finance

      • SCI Start the Week - 1 August

        A look at the major activity in structured finance over the past seven days. Print last week's news ...

        Pipeline The final week of July brought six new ABS deals to the pipeline, as well as two CMBS and four CLOs. The ABS were: US$1.025bn AmeriCredit Automobile Receivables Trust 2016-3; US$250m MVW Owner Trust 2016-1; US$1.25bn Nissan Auto Receivabl...

      • MBS hedge funds rebounding

        Preqin's 2Q16 Hedge Fund Survey shows that hedge funds in the credit strategy category experienced four consecutive quarters of outflows since the beginning of 2015, with about US$17bn of outflows in 2016 alone, mostly concentrated in Q1. A Wells Far...

    • CLOs

      • Tightest CLO for nearly a year

        Babson Capital has brought its latest US CLO to the market, with the senior tranche pricing at the tightest spreads seen since September last year. Babson CLO 2016-II's class A notes were registered at 145bp last Friday, coinciding with the...

    • RMBS

      • Demand expected for jumbo Hawksmoor

        Initial price thoughts have been released for the first post-Brexit UK non-conforming RMBS, Hawksmoor Mortgages 2016-1. At an expected £2.25bn, the deal is also noteworthy for its size, especially given the August print. Hawksmoor 2016-1 i...

  • Job Swaps

    • Structured Finance

      • OTC legal expert poached

        Gibson, Dunn & Crutcher has recruited Carl Kennedy as of counsel in its New York office. He...

    • Insurance-linked securities

      • Parametrics firm names ceo

        Global Parametrics has appointed Hector Ibarra as its ceo. Ibarra will lead the new company, which t...

      • ILS pro takes new role

        The former head of international capital markets at Aon Securities has moved on to RenaissanceRe, wh...

    • RMBS

      • MBS vet joins Nathan Hale

        Nathan Hale Capital has boosted its capital markets division with the appointment of Kurt Weisenfluh...

  • News Round-up

      • US ABS issuance booms

        Variability in US ABS new issue volume over the last 12 months has reached its highest level in the...

    • CDS

      • CDS platform launches

        ICE has launched a new platform for trading cleared single-name CDS in a central limit order book. I...

      • SME CLO leverage worsens

        SME leverage has worsened since 2011, which is a credit negative for SME CLOs, says Moody's. The med...

      • CLO pay-downs surge

        The number of CLO pay-downs in JPMorgan's CLO index (CLOIE) since the June rebalance through 31 July...

      • Brexit CRE impact gauged

        The UK's vote to leave the EU will be negative for the country's CRE market and, subsequently, UK CM...

      • RMBS compare tool debuts

        Fitch has introduced a data comparison tool for US RMBS, which encapsulates all of its US residentia...


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