Weekly Issue Archive »

Issue 597 - 29th June

  • News Analysis

    • ABS
      • Securitisation to support PPP growth

        The Argentinian government recently announced plans for a number of infrastructure projects and has established a public-private partnership (PPP) framework to help bring the projects to fruition. Structured finance technology is expected to be utili...

    • Capital Relief Trades
      • Trade finance CRTs gather pace

        Transactions offer multiple benefits to issuers and investors

        Interest is growing in synthetic securitisations backed by trade finance receivables - collateral that is particularly suited to the synthetic structure. These transactions exhibit several differences to corporate capital relief trades and while some...

    • NPLs
      • NPL issuance surging

        Italian lenders look to beat GACS deadline

        Banco di Sardegna has completed a €253m non-performing loan securitisation called 4Mori Sardegna, the senior notes of which are expected to be granted a GACS guarantee. The transaction features high credit enhancement levels for the senior a...

    • Structured Finance
      • Green ABS branches out

        Commercial PACE and renewables gain traction as green ABS expands

        PACE is catching on in both the US and Europe. An April whitepaper from the New York State Energy Research and Development Authority (NYSERDA) presents PACE as a tool to achieve the state’s ambitious energy efficiency targets, while a trial...

    • NPLs
      • Multi-seller GACS deals pending

        Large portfolio sizes facilitate critical mass

        Multi-seller GACS securitisations brought by smaller Italian banks are emerging, with at least two transactions in the pipeline. However, as the transactions come to market, banks and investors will have to deal with challenges that are atypical for...

  • News

    • Structured Finance
      • SCI Start the Week - 25 June

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

        Pipeline The securitisations remaining in the pipeline at the end of last week were fairly evenly split between ABS, CMBS and RMBS. A single CRE CLO was also announced. The ABS remaining in the pipeline are: US$180.21m Credit Suisse ABS Trust 2018...

    • CLOs
      • Multi-currency CLO launched

        Large transaction appeals to broad investor base

        Barclays has launched an unusual multi-currency CLO based on a £4.5bn portfolio of corporate loans made by the bank to borrowers in the UK and Europe. The transaction, dubbed Sirius Funding, will be managed by Barclays and comprises three l...

    • RMBS
      • Fastnet refi completed

        Permanent TSB has completed a €1.44bn RMBS, dubbed Fastnet Securities 14. The collateral previously formed part of the Fastnet Securities 3 portfolio, the notes of which have been called. The collateral was obtained by removing non-perform...

  • Market Moves

    • Structured Finance
      • Market moves - 29 June

        CLO manager acquired THL Credit Advisors has acquired the collateral management business of Kramer Van Kirk Credit Strategies, which currently manages seven CLOs totaling approximately US$3.4bn of assets. THL Credit currently manages 15 CLOs, inclu...

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