Weekly Issue Archive »

Issue 572 - 5th January

  • News Analysis

    • RMBS

      • CSP testing delay 'minor issue'

        Testing of the Common Securitization Platform (CSP) (SCI passim) has carried on into the New Year, slipping past the FHFA's original deadline. This is the second significant delay of the last 12 months, after the announcement in 1Q17 that Release 2 o...

    • Capital Relief Trades

      • Santander, Lloyds ride synthetic CMBS wave

        Santander and Lloyds have each put together synthetic securitisations of commercial real estate portfolios. The financial guarantees and significant risk transfer deals are the first in a wave of post-crisis synthetic CMBS issuance. The CRE asset c...

  • News

    • ABS

      • Dynamica makes ABS bow

        Dynamica Retail has issued its first salary assignment and payment delegation loans transaction in Italy. The transaction has a subscribed amount of €166.1m and a maximum note amount of €263.5m. Dyret SPV is a revolving cash sec...

      • China aircraft ABS placed publicly

        China Asset Leasing Group Holdings (CALC) has launched China's first ABS denominated and settled in a foreign currency. It is also China's first ABS in aircraft leasing in the public placement market. CALC is a full value-chain aircraft solutions p...

    • Structured Finance

      • NPL acquisition target achieved

        Banca IFIS has closed two new Italian NPL transactions totalling around €200m. The latest transactions bring the bank's NPLs under management at end-2017 to over €13bn, while confirming €5bn in total expected NPL acquisi...

    • Capital Relief Trades

      • Risk transfer round-up - 5 January

        Deutsche Bank is understood to have closed two CRAFT risk transfer transactions, a bilateral deal and a syndicated one. The US$147m bilateral deal - dubbed CRAFT 2017-2A - is said to pay 8.75% and feature a 7.5-year WAL, with an expected ma...

    • Insurance-linked securities

      • 'Unique' French windstorm ILS placed

        Willis Towers Watson placed €90m of ILS for Covea Mutual Insurance Group last month in a "unique transaction". The transaction was the first time a European catastrophe bond has supported capacity at the bottom of a traditional reinsurance...

  • Market Moves

    • Structured Finance

      • Market moves - 5 January

        Acquisitions/Investments SoftBank Group Corp has acquired Fortress Investment Group for US$3.3bn in cash and now – along with its subsidiaries – owns all outstanding Fortress shares. Fortress shareholders approved the transaction...


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