Weekly Issue Archive »

Issue 525 - 3rd February

  • News Analysis

    • Structured Finance

      • New worlds

        South American securitisation markets opening up

        The Latin American structured finance markets are changing, with significant shifts in Argentina and Brazil, as well as changes in the Mexican market. Regulatory initiatives are opening up new possibilities, with deal structures adapting and new mark...

    • NPLs

      • Repurchase plan

        Italian bridge banks complete resolution process

        Nuova Banca delle Marche has completed the NPL repurchases from its securitisations in accordance with the Italian state's resolution plan. The €74.3m sale proceeds from this latest repurchase will be used to repay the Marche Mutui 4 RMBS n...

    • RMBS

      • Boosting liquidity

        First post-crisis Irish NPL RMBS profiled

        Lone Star's Irish non-conforming RMBS, which it privately-placed in November (SCI 29 November 2016), was notable for its mixed pool of performing and non-performing mortgages. The €536.5m European Residential Loan Securitisation 2016-1 &...

    • NPLs

      • Bridging the gap

        Neutralising NPL valuation discrepancies addressed

        Achieving valuations that satisfy both sellers and investors has been a major sticking point in many recent European non-performing loan transactions. This has been most notable in Italy, where the wide bid/ask gap has hindered sales of NPLs to SPVs...

  • SCIWire

    • CLOs

      • US CLOs still strong

        The US CLO secondary market continues to see strong demand. "There are a lot of refis out in the m...

    • Secondary markets

      • Euro secondary sluggish

        Activity across the European securitisation secondary market remains sluggish. After a small pick-...

      • US CLOs slow

        It looks set to be a slow couple of days in the US CLO secondary market. The slowdown seen at the...

      • Euro ABS/MBS rising

        Volumes and pricing levels are rising in the European ABS/MBS secondary market this week. "In the...

  • News

    • Structured Finance

      • SCI Start the Week - 30 January

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

        Pipeline Additions to the pipeline started to pick up pace last week. There were seven ABS and eight RMBS as well as a CMBS. The ABS were: €549.1m Bumper 8; US$400m Exeter Automobile Receivables Trust 2017-1; US$410m Falcon Aerospace; US...

      • Securitisation prospects polled

        Fiscal policy uncertainty is the top concern cited by respondents to Morgan Stanley's 1Q17 global securitised products investor survey, accounting for 28% of the responses. Nevertheless, half of those polled expect their allocation to securitised pro...

  • Job Swaps

    • Structured Finance
    • Insurance-linked securities

      • OTPP promotes ILS leader

        Ontario Teachers' Pension Plan has promoted Gillian Brown to md for credit, ILS and equity products....

      • LCP board bolstered

        Ly Lam has been appointed to the management board of Leadenhall Capital Partners as a representative...

    • RMBS

      • Global MBS fund launches

        PIMCO has launched a global MBS fund. GIS Mortgage Opportunities Fund is an absolute-return oriented...

  • News Round-up

    • Structured Finance

      • SFR operators change tack

        Single-family rental (SFR) transactions are benefitting from an improvement in sponsors' business mo...

    • CDS

      • CLOIE pay-downs pick up

        The total amount of CLOs paid down in the JPMorgan Collateralized Loan Obligation Index (CLOIE) sinc...

      • Surprise delinquency dip

        The Trepp US CMBS delinquency rate fell modestly in January to 5.18%, a drop of 5bp from December. T...

      • Loan drops level off

        KBRA has examined how the composition of US CMBS conduit pools changed over the course of the rating...

    • Insurance-linked securities
    • RMBS

      • Split B tranches placed

        Freddie Mac has priced the US$802m STACR Series 2017-DNA1, its first low-LTV risk-sharing RMBS of th...


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

×