Weekly Issue Archive »

Issue 593 - 1st June

  • News Analysis

    • NPLs

      • GACS issuance surge expected

        Investor appetite for GACS non-performing loan securitisations will be tested this year, as a strong pipeline of deals come to market before the government guarantee expires in September. Should the guarantee fail to be extended, more outright sales...

    • ABS

      • RRBs on the rise?

        Signs of an uptick in the US rate reduction bond (RRB) market are emerging, albeit the sector remains a relatively small segment of the securitisation landscape. More states are putting frameworks in place to enable them to issue RRBs and there are i...

    • Capital Relief Trades

      • Consultant activity surveyed

        Investment consultants for long-term investors such as pension funds haven’t been as active in capital relief trades as other investors, typically hedge funds - although this is expected to change, as corporate defaults pick up over the nex...

  • News

    • CLOs

      • Managers set out stalls post-repeal

        Of open-market CLO managers that have issued a risk retention-compliant CLO, 61% are seeking to sell some or all of the risk retention interest, according to a recent survey from Maples and Calder. Indeed, a number of risk retention pieces have been...

  • Provider Profile

    • Structured Finance

      • Euro mortgage market heating up

        A thriving European mortgage market is attracting foreign investors seeking to capitalise on the low-risk returns on offer, particularly in the UK and the Netherlands. New firms such as Fortrum (SCI 18 May) are being established, offering innovative...

  • Market Moves

    • Structured Finance

      • Market moves - 1 June

        BTL RMBS planned UK Mortgages and TwentyFour Asset Management have acquired a high-quality pool of approximately £350m buy-to-let non-member mortgages originated by The Coventry Building Society Group through its Godiva brand. The portfo...


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