Weekly Issue Archive »

Issue 638 - 19th April

  • News Analysis

    • CLOs

      • New wave?

        Could ESG CLOs be the start of a trend?

        Fair Oaks Capital is set to issue a debut European CLO in 2Q19 and, notably, it has been structured according to strict ESG criteria. It follows hot-on-the-heels of similar transactions from Permira Debt Managers last year and it may be the...

  • Market Reports

    • RMBS

      • Sonia success

        European ABS market update

        The first UK STS RMBS – Nationwide’s Silverstone Master Issuer 2019-1 – priced yesterday, with substantial demand seen for both the sterling and US dollar tranches. The transaction is also the debut deal to publicly plac...

  • News

    • Structured Finance

      • SCI Start the Week - 15 April

        A review of securitisation activity over the past seven days

        SCI seminars SCI's 2nd Annual NPL Securitisation Seminar will be held on 13 May in Milan. For more information or to register, click here. SCI's 1st Annual Middle Market CLO Seminar will be held on 26 June in New York. For more information o...

    • Capital Relief Trades

      • Risk transfer round-up - 18 April

        CRT sector developments and deal news

        Credit Suisse is believed to be readying a corporate capital relief trade from its Elvetia programme that is expected to close in June. The Swiss lender’s previous Elvetia trade closed in November last year (SCI 30 November 2018). Another...

  • Market Moves

    • Structured Finance

      • ILS restructuring agreed

        Sector developments and company hires

        ILS restructuring agreed Ballantyne Re has entered into a lock-up support agreement with Ambac Assurance UK, Assured Guaranty, approximately 82% by value of the class A noteholders, Security Life of Denver Insurance Company (SLD) and Swiss Re Life...

      • BMF administration order filed

        Sector developments and company hires

        BMF 6 tender An application for an administration order in respect of Business Mortgage Finance 6 was presented in the London High Court of Justice last week, with a return date of 18 April. The application was presented by Greencoat Investments, wh...

      • CLO manager denied incentive fee

        Sector developments and company hires

        Incentive fee ruling The High Court in London has ruled that Barings (UK), as collateral manager, was not entitled to an incentive fee at the expense of junior bondholders following the optional redemption of the Duchess VI CLO. Part 8 proceedings w...


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