Weekly Issue Archive »

Issue 561 - 13th October

  • News Analysis

    • Structured Finance

      • C-PACE lender breaks new ground

        Greenworks Lending has privately placed the first rated securitisation of purely commercial PACE assets. While the firm intends to tap the market again in the near future, potentially with a public C-PACE deal, the present emphasis is on origination...

    • Insurance-linked securities

      • ILS issuance hits all-time highs

        The insurance-linked securities market has seen a surge in new issuance this year, with 1H17 witnessing the largest monthly, quarterly and half-year volumes on record. The largest-ever deal size was also recorded and overall market outstandings toppe...

    • NPLs

      • NPL platform to boost recoveries

        The creation of a non-performing loan platform by Portugal's three largest banks - Caixa Geral de Depósitos (CGD), Banco Commercial Português (BCP) and Novo Banco (NB) - is expected to speed up recovery processes. However, the impac...

  • News

    • ABS

      • BJETS concerns highlighted

        Business Jet Securities series 2017-1 exposes investors to multiple risks - including performance volatility, transaction structural risks and a servicer with a limited track record - according to Fitch. The corporate jet aircraft ABS is no...

    • Structured Finance

      • SCI Start the Week - 9 October

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

        Pipeline It was a quieter week for the pipeline, with activity noticeably down on the week before. There were four ABS, four RMBS, three CMBS and two CLOs added. US$196.3m CPS Auto Receivables Trust 2017-D, Eagle Credit Card Trust Series 2017-1, &...

      • Treasury report supports securitisation

        The US Treasury has released a report recommending a number of regulatory changes that could make it easier for companies to issue and invest in securitisations. The second in a series on boosting the US financial system, the report stresses the impo...

      • Specialised financing vehicles introduced

        The latest reform of the French finance sector introduces a new category of financing vehicle that is expected to benefit both classic securitisation and risk transfer structures. The reform - the first phase of which is due to be finalised...

    • Capital Relief Trades

      • Risk transfer round-up - 13 October

        Risk transfer activity continues, with Lloyds reportedly readying a transaction for Q4. Sources also suggest that Mizuho and Lloyds are arranging a transaction for an Irish bank. Meanwhile, Caplantic is said to be prepping a shipping SRT and is targe...

    • CLOs

      • Refi success depends on timing

        Refis from the final quarter of last year appear to have pulled the trigger too early as they reduced their debt costs by less than those US CLOs that refinanced this year. While refis from 4Q16 outperformed only briefly before later once more underp...

    • RMBS

      • Mortgage funding facility formed

        Natixis has established a secured funding facility in the form of an SPV, dubbed Rembrandt Dutch Mortgages. The facility will fund mortgage loans, with the borrower exiting the vehicle via a securitisation or a whole loan portfolio sale. Rembrandt...

  • Job Swaps

    • Structured Finance

      • Job swaps round-up - 13 October

        Acquisition Navient has entered into an agreement to acquire online student lender Earnest for US$155m in cash. Earnest will continue to operate under its current brand and be led by its current management team. Navient has suspended its remaining...


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