Weekly Issue Archive »

Issue 609 - 21st September

  • News Analysis

    • NPLs

      • Revised NPL templates published

        Insolvency data rendered more dynamic

        The EBA last week published a revised version of its standardised non-performing loan data templates - first published in December (SCI 15 December 2017) - that aim to facilitate NPL sale transactions across the EU. The crux of the changes is a more...

    • Capital Relief Trades

      • Inaugural infrastructure CRT launched

        Synthetic securitisation marks global first

        The African Development Bank (AfDB), alongside Mariner Investment Group, the European Commission, Mizuho and Africa50, has issued a debut US$1bn capital relief trade (CRT) backed by a pan-African portfolio of loans to infrastructure projects and fina...

    • NPLs

      • GACS expansion?

        UTP extension questioned

        The recent extension of the GACS guarantee scheme is expected to further fuel Italian non-performing loan securitisation issuance (SCI 5 September). However, the programme is unlikely to be expanded to cover unlikely-to-pay (UTP) loans, due to politi...

  • Market Reports

    • Structured Finance

      • Irish RMBS focus

        European ABS market update

        A rare Irish non-conforming RMBS has caught the attention of European ABS market participants, following the deal’s roadshow last week. “The Dublin Bay Securities senior notes are being talked at around 65bp, with the deal expec...

    • CDO

      • Widening spreads eyed

        US CDO secondary market update

        Several ABS CDO bonds are expected to be in high demand today, which have not been prevalent on the secondary market for several months. Trups CDO paper has been more common on BWICs. “When Trups CDO bonds come around, there is a lot of i...

    • RMBS

      • Aussie slow-down

        Australian RMBS primary market update

        Activity in the Australian RMBS primary market is slowing down due to overcrowding. Four Australian lenders are currently in the market with new deals. Liberty Financial and Pepper Homeloans are prepping non-conforming RMBS, while RedZed Lending So...

  • News

    • Structured Finance

      • SCI Start the week - 17 September

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

        Pipeline ABS is still dominating the pipeline, with several deals coming from the auto space. These include: US$534.032m ARI Fleet Lease Trust 2018-B, US$1.362bn GM Financial Automobile Leasing 2018-3, US$327.87m Navistar Financial Dealer Note Ma...

  • Market Moves

    • Structured Finance

      • Market moves - 21 September

        All the latest company developments and new hires in the structured finance sector

        Acquisitions HPS Investment Partners has acquired Tålamod Asset Management. HPS will retain Tålamod's investment team and other employees based in Dallas, while Andersen Fisher, founder and managing member of Tå...


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