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Issue 694 - 29th May

  • News Analysis

    • CLOs

      • Growth phase

        European CLOs seeing increasing attention to ESG criteria

        The current crisis has initiated further discussion surrounding sustainability. Expectations are that investor demand and policy changes will further integrate ESG considerations into the CLO investment process. Andrew Lawson, head of capital marke...

    • ABS

      • Accessing guarantees

        CBILS securitisation warehouses mulled

        Securitisation is gaining traction as a way for a wider investor base to access coronavirus-induced government stimulus packages. The technology could also be leveraged to provide much-needed liquidity to SMEs. Orrick partner Richard Hanson, for on...

  • News

    • ABS

      • Marketplace merit

        Online lending resilient amid impairments

        The performance of online lending platforms remains resilient, despite coronavirus-related pressures. Indeed, dv01 data suggests that total loan payment impairments are showing signs of slowing down, after peaking earlier this month. Vadim Verkhogl...

    • Capital Relief Trades

      • Risk transfer round-up - 29 May

        CRT sector developments and deal news

        ABN AMRO is rumoured to be readying a corporate capital relief trade that is expected to close in 3Q20. The transaction would be the lender’s first post-crisis synthetic securitisation. ...

    • NPLs

      • Galaxy returns

        Alpha relaunches NPL ABS

        Alpha Bank is relaunching its project Galaxy non-performing loan ABS following the coronavirus disruption, with the aiming of closing the securitisation in 4Q20. At the same time, the National Bank of Greece has postponed an NPL ABS deal that was ini...

  • The Structured Credit Interview

    • Structured Finance

      • Persistent opportunity

        Tor Trivers, md and head of the structured credit group at CDIB Capital, answers SCI's questions

        Q: How and when did CDIB Capital become involved in the structured credit market? A: CDIB Capital was established in 2006, as the private equity arm of China Development Financial, with the objective of deploying and diversifying the group&rsquo...

    • NPLs

      • Lift off

        Francesco Di Costanzo, head of structured credit at Hoist Finance, answers SCI's questions

        Q: How and when did you become involved with securitisation? A: We are a licensed credit market institution, regulated as a bank, which gives us the advantage of low cost and consistent funding. However, this means, of course, that we are subject t...

  • Market Moves

    • Structured Finance

      • Pan-European guarantee fund launched

        Sector developments and company hires

        Pan-European guarantee fund launched The EIB board has approved a €25bn Pan-European Guarantee Fund (EGF) - which will be funded by EU member states pro rata to their shareholding in the bank – as part of its overall response to t...

      • No call for OATH 1

        Sector developments and company hires

        No call for OATH 1 UK Mortgages and TwentyFour Asset Management have notified Oat Hill No. 1 bondholders that the RMBS will not be redeemed on its first refinancing call date of 27 May (SCI 22 April). TwentyFour says the transaction was not called a...

      • Renewables JV inked

        Sector developments and company hires

        Renewables JV inked By way of a joint venture, illimity Bank and VEI Green II have set up a securitisation vehicle for distressed loans with underlying assets that produce electricity from renewable sources. This vehicle will invest up to €...


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