Weekly Issue Archive »

Issue 507 - 23rd September

  • News

    • Structured Finance
      • SCI Start the Week - 19 September

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

        Pipeline After the flood of additions in the week before, last week's pipeline activity was calmer. There were three new ABS added, as well as an RMBS, two CMBS and two CLOs. Bavarian Sky German Auto Loans 5, €726m PSA 2016 and ̈́...

    • CDS
      • CDS index rolls provide opportunities

        The roll to CDX IG27 may be uneventful in terms of names changes, but Morgan Stanley analysts believe that it does offer investors a good opportunity to move existing longs from cash into synthetic credit, given a sharp compression in the cash-CDS ba...

    • CLOs
      • Reported CLO WAS levels diverging

        Deal-reported weighted average spread (WAS) of collateral in European CLOs has been rising, while for US CLOs it has been falling. This has pushed WAS test cushions close to breaching for US CLOs and is expected to impact equity cash distributions. ...

      • High CLO supply

        US CLO supply last week was the highest for the year as four new issues and two refis priced for a total of US$3.61bn. The rolling four-week average of new issuance has been trending higher all year and has reached US$2.3bn. Year-to-date supply is...

  • Job Swaps

    • Structured Finance
      • Bank shuffles SF pros

        Credit Suisse has made a series of changes to its asset finance team, with a number of structured fi...

    • Insurance-linked securities

  • News Round-up

      • Biggest PACE deal issued

        Renovate America is in the market with its eighth securitisation of PACE bonds. Dubbed HERO Funding...

    • CMBS
      • Macy's impact considered

        While Macy's is yet to release a list of which stores will be closing (SCI 18 August), closures are...

    • Marketplace Lending
      • Rated UK MPL ABS prepped

        Zopa is in the market with its inaugural rated consumer loan securitisation, which is the first rate...

    • Risk Management
      • ICE meets EMIR standards

        The Bank of England has authorised ICE Clear Europe as a CCP in accordance with EMIR. It says that I...

      • RFC on RMBS methodology

        DRBS has issued a request for comment on the proposed UK addendum to its European RMBS methodology,...

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