Weekly Issue Archive »

Issue 627 - 1st February

  • News Analysis

    • NPLs

      • Growing momentum

        Regulatory provisioning boosts shipping NPL prospects

        The European Central Bank’s provisioning push has led to a more positive sentiment around the prospects for the disposal of shipping non-performing loans (NPLs). However, the small size of the market compared to other NPL asset classes, alo...

  • News

    • Structured Finance

      • SCI Start the Week - 28 January

        A review of securitisation activity over the past seven days

        Market commentary European ABS secondary market activity picked up last week, following a quiet start to the year (SCI 22 January). However, the primary market continued to experience its "slowest start to a year since 2011", as STS and Brexit uncer...

    • Capital Relief Trades

      • Risk transfer round-up - 1 February

        CRT sector developments and deal news

        Bank of Montreal has printed a US and Canadian leveraged loan capital relief trade dubbed Manitoulin. The US$92.5m 7.3-year financial guarantee pays Libor plus 12.75%. Rated by DBRS the deal comprises triple-A class A notes, single-A class B notes...

    • Derivatives

      • Securitisation swaps book launched

        New publication aims to quench knowledge drought

        Spotting a gap in the market, a team of structured finance veterans have collaborated on a new publication on an under-explored topic, which bridges the gap between credit derivatives and securitisation. Titled Securitisation Swaps, the book is aimed...

  • The Structured Credit Interview

    • Structured Finance

      • Staying strong

        MetLife Investment Management speaks to SCI about the year ahead

        Q: What’s your general outlook for the structured finance sector in 2019? William Moretti, head of structured finance, MetLife Investment Management: “On the whole, I’d say that structured finance is in a much better p...

  • Market Moves

    • Structured Finance

      • CMBS tender launched

        Company hires and sector developments

        BUMF tender Greencoat Investments has launched a tender offer for the Business Mortgage Finance 4, 5, 6 and 7 CMBS. Fixed purchase prices for the bonds range from 0.50% to 101% per £1,000/€1,000/US$1,000 in principal amount of no...

      • CLO UCITS launched

        Company hires and sector developments

        CDS publication launched Jochen Felsenheimer, md at XAIA Investment, Wolfgang Klopfer, chairman of the management board of XAIA Investment and Ulrich von Altenstadt, md of XAIA Investment have co-authored a new publication looking at the evolution,...

      • Euro ABS deals mooted

        Company hires and sector developments

        European RMBS transactions mandated A pair of European RMBS transactions have been mandated, marking the first European securitisations of the year, barring CLOs. The first is a UK RMBS, dubbed Lanark 2019-1, from Clydesdale Bank, which has mandate...


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