Weekly Issue Archive »

Issue 555 - 1st September

  • News Analysis

    • CMBS

      • Direct issuance achieves CMBS firsts

        The recent US single-asset/single-borrower CMBS from the Shidler Group - HMH Trust 2017-NSS (see SCI's primary issuance database) - debuted a new direct issuance model, at least post the financial crisis. The transaction features several innovations,...

  • News

    • Structured Finance

      • Hurricane Harvey impact weighed

        While the picture is not yet clear in terms of the total damage inflicted by Hurricane Harvey, it looks set to impact several sectors across securitisation. RMBS and CMBS appear likely to be most affected, along with credit risk transfer transactions...

    • Capital Relief Trades

      • Risk transfer round-up - 1 September

        As expected, August was a quiet month for capital relief trade issuances. But market sources continue to expect activity to significantly pick up in Q4. Among the transactions anticipated next quarter are two commercial real estate deals in Germany...

    • CLOs

      • CLO secondary trading slows

        Primary CLO issuance is booming, although secondary market activity has dipped this year. The glut of refinancings seen earlier in the year appears to have played a significant part in this. In the primary market, almost US$12bn of US CLOs was issu...

  • Job Swaps

    • Structured Finance

      • Job swaps round-up - 1 September

        EMEA Credit Suisse has hired Constantin Hulst as a CLO structurer to its European CLO origination team in London, reporting to Michael Malek, head of European CLO structuring. Hulst was previously at BNP Paribas, where he was an analyst and stru...


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