Weekly Issue Archive »

Issue 656 - 23rd August

  • News Analysis

    • ABS

      • Private market thriving

        Specialty finance firms find multiple benefits in private deals

        Private securitisations are thriving, particularly among specialty finance companies, as a flexible and economic funding option. Equally, many insurers are turning to the private market to securitise equity release mortgages, finding it the most cost...

    • Structured Finance

      • Counterintuitive results

        EBA consultation incentivises unfunded SRT format

        The EBA’s consultation on the determination of the weighted average maturity of a securitisation tranche (SCI 2 August) is seen as a positive step for synthetic securitisations, since it takes into account the conditional payments of the un...

  • News

    • ABS

      • Debut consumer securitisation prepped

        Australian non-bank markets inaugural ABS

        Wingate Consumer Finance is marketing an inaugural term securitisation of personal loans extended to borrowers in Australia. Dubbed NOW Trust 2019-1, the A$200m transaction is backed entirely by receivables originated by Wingate Consumer Finance, an...

    • Structured Finance

      • SCI Start the Week - 19 August

        A review of securitisation activity over the past seven days

        Transaction of the week CFO backed by PE portfolio (SCI 13 August) Nassau Alternative Investments is marketing a collateralised fund obligation (CFO) comprising private equity (PE) fund commitments acquired by Nassau Life Insurance Company (NNY). T...

    • NPLs

      • Deleveraging boost

        Monte dei Paschi completes NPL disposals

        Banca Monte dei Paschi di Siena has sold a further four non-performing loan portfolios for approximately €340m (SCI 14 August). The transactions add to the recently finalised deals with Illimity Bank and Cerberus Capital Management, bringing...

    • RMBS

      • Red ahead

        Non-resident Aussie RMBS hits the market

        Columbus Capital is prepping a rare Australian RMBS backed by fully amortising (accounting for 86.1% of the pool) and interest-only converting to amortising investment loans to non-Australian residents. Dubbed Vermilion Trust No. 1 Bond Series 2019-1...

  • Market Moves

    • Structured Finance

      • CLO ESG impact assessed

        Sector developments and company hires

        ESG impact assessed The credit impact of environmental, social and governance (ESG) investment criteria on CLOs rated by Moody’s remains neutral, the agency says in a report. The firm adds that while restricting the pool of CLO eligible c...

      • Volcker rule amended

        Company hires and sector developments

        Aviation firm appoints treasurer Wings Capital Partners has hired Jakob Gallagher as vp, treasurer and capital markets. Prior to joining Wings, Gallagher served as vp on the MUFG aviation team who covered originations for the Americas. Prior to joi...

      • Warehouse line closed

        Company hires and sector developments

        CRE appointments Arbor Realty Trust has appointed Danny van der Reis as evp, structured asset management, reporting to Arbor president and ceo Ivan Kaufman. In this newly developed role, van der Reis will be responsible for managing the structured...

      • Broker charged over mispricing

        Sector developments and company hires

        Broker charged over mispricing The US SEC has charged New York-based broker-dealer AOC Securities and its former ceo Ronaldo Gonzalez with failing to supervise AOC broker Frank Dinucci, who provided inflated price quotes to Premium Point Investment...


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