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Issue 602 - 3rd August

  • News Analysis

    • CMBS

      • Tender saga moves to High Court

        Issuer seeks to invalidate administration announcement

        The Clifden IOM No.1 tender for the Fairhold Securitisation CMBS (SCI passim) recently entered a new phase when an announcement was posted to the London Stock Exchange stating that Fairhold had gone into administration, with two joint administrators...

  • News

    • ABS

      • Chinese MPL ABS prepped

        Online lender brings debut rated deal

        Beijing Jingdong Century Trade Co is marketing a consumer ABS under the asset-backed notes (ABN) with a special purpose trust scheme in the Chinese interbank bond market. Dubbed Beijing Jingdong Century Trade Co 2018 Asset-Backed Notes Series 1 (JD A...

    • Structured Finance

      • Market moves - 3 August

        Company developments and new hires in the structured finance sector

        Acquisitions Savills Investment Management is set to acquire a 25% interest in DRC Capital. In addition, the partners of DRC have granted Savills Investment Management a call option to acquire the remaining 75% interest in DRC on the third anniver...

      • SCI Start the Week - 30 July

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

        A fairly broad range of transactions are in the pipeline although new issuance is leaning towards the light side – not unexpected with the onset of summer. The only new auto ABS in the pipeline is US$186m United Auto Credit Securitisation...

    • CMBS

      • ARAs on the rise

        Increased stress emerging in CMBS 2.0?

        The volume of appraisal reduction amounts (ARAs) in the US CMBS 2.0 universe is on the rise, effecting 111 loans. A significant amount of the exposure is concentrated in North Dakota and Texas, reflecting the stress in the energy sector. Of the US$...


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