Issue 670 - 29th November
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News Analysis
- Structured Finance
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Indian innovation
Diverse Indian ABS market sees growing, global investor base
The Indian securitisation market continues to grow and develop, with an increasingly global investor base eager to tap into an ever-innovating product range, including CLOs, green bonds and microfinance-backed transactions. On top of this, new legisl...
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- Structured Finance
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News
- ABS
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Dutch consumer ABS prepped
Transaction features several departures from previous deals
Credit Agricole is marketing a securitisation of Dutch consumer loans originated via subsidiaries of Credit Agricole Consumer Finance Nederland (CACF NL). Dubbed Magoi, the transaction references a €418m eight-month revolving pool of 23,282...
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- Structured Finance
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SCI Start the week - 25 November
A review of securitisation activity over the past seven days
Transaction of the week Hercules tapped Alpha Bank is set to securitise a €12bn mixed portfolio of retail secured and unsecured loans, mortgage and wholesale non-performing loans in 1H20. Dubbed Project Galaxy, the transaction protects s...
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- Capital Relief Trades
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Italian SRT inked
UBI Banca seals the triple
UBI Banca has completed its third capital relief trade (CRT) following its inaugural transaction two years ago. Dubbed UBI 2019 RegCap3, this trade differs from the previous two, given the use of pro-rata amortisation and a replenishment period for p...
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Risk transfer round-up - 28 November
CRT sector developments and deal news
HSBC is rumoured to be readying a UK and European corporate loan SRT. This is one of two rumoured corporate SRTs that the bank is believed to be prepping. The second transaction is thought to reference UK corporate loans. The deals would f...
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- Insurance-linked securities
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Inaugural cat bonds inked
Transaction marks number of firsts
The World Bank has issued the first cat bond transaction to provide natural disaster cover to the Philippines and the first cat bond listed on the Singapore Exchange. The transaction features two tranches of cat bonds to provide the Philippi...
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- RMBS
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RMBS 'milestone' prepped
Inaugural non-bank transaction marks post-crisis first
Provident Funding Associates, a non-bank mortgage lender, has prepped its inaugural securitisation of residential mortgages, marking the first post-crisis, private label securities (PLS) transaction backed entirely by agency conforming consu...
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- ABS
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Market Moves
- Structured Finance
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Mortgage partnership announced
Sector hires and company developments
Euro credit team bulks up CIFC has hired Anders Samuelsen from Muzinich as it continues to build its European team. Samuelsen, who began his career as a credit portfolio manager at Saxo Privatbank in Denmark, will be based in London, and...
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Italian market developments 'positive' for ABS
Sector developments and company hires
Italian market developments ‘positive’ for ABS Recent market developments in in the Cessione del Quinto (CDQ) and Delegazione di Pagamento (DP) loan market are credit positive for ABS, according to structured finance analysts fr...
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Euro lending support announced
Sector developments and company hires
Euro lending support announced The EIF has committed €100m to online lending marketplace October. The investment renews its support to European SMEs, under the “Private Credit Tailored for SMEs” programme, alongside oth...
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- Structured Finance
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