Weekly Issue Archive »

Issue 605 - 24th August

  • News Analysis

    • CDO

      • Retail opportunity

        Singapore CFO adds to PE fund investment products

        The launch of the US$510m-equivalent Astrea IV collateralised fund obligation in June marked the first time that a securitisation backed by private equity cashflows was made available to retail investors. Indeed, the manager – Azalea Invest...

    • Structured Finance

      • Firms favour floating rate

        Investors find value in range of SF asset classes

        US investors are seeing relative value in a number of pre- and post-crisis securitised asset classes, including non-agency legacy RMBS, TruPS CDOs and US BSL CLOs. While firms’ allocations to different sectors may vary, the overriding theme...

  • News

    • Structured Finance

      • SCI Start the Week - 20 August

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

        Pipeline The pipeline was quite sparse by the end of last week. A handful of ABS were still marketing, as well as a CLO and a CMBS. The newly announced ABS were: US$251.67m CCG Receivables Trust 2018-2, US$2.25bn Honda Auto Receivables 2018-3 Owne...

    • CLOs

      • CLO issuer explores new ground

        Blackstone/GSO in middle-market first

        GSO Capital Partners, a Blackstone subsidiary, is marketing its first CLO backed by a portfolio of primarily first lien, senior secured middle-market loans. The US$510.71m transaction, dubbed Diamond CLO 2018-1, will also include some allocation to b...

    • CMBS

      • CMBS rating questioned

        RA queries top rating on Elizabeth Finance 2018

        The provisional triple-A rating from DBRS on the senior notes of the £90.707m UK CMBS, Eli...

    • NPLs

      • Disposal partnership inked

        Fintech set to unlock CSEE NPL markets

        Trace Capital Advisors and Debitos have formed a partnership that could prove to be a turning point for non-performing loan deleveraging in Central, Eastern and South Eastern Europe (CSEE). The agreement aims to bring efficient and cost-effective fin...

  • Market Moves

    • Structured Finance

      • Market moves - 24 August

        The week's structured finance hires and company developments, all in one place.

        Consent solicitation NN Bank has issued a consent solicitation seeking investor approval for the early redemption of the Hypenn 3 Dutch RMBS, of which the class A1 tranche has already been redeemed. The class A2 tranche has an outstanding bal...


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