Weekly Issue Archive »

Issue 710 - 18th September

  • News Analysis

    • Technology

      • Tech crazy

        Securitizations of tech assets finding favour in Covid world

        Securitizations of technology assets are proving popular with US investors in the Covid marketplace, according to a new Moody’s report based on interviews with “dozens” of structured finance issuers, arrangers and invest...

  • News

    • Structured Finance

      • Aussie opportunities

        Increasing issuance in Australian primary market

        The recent announcement that the Royal Bank of Australia’s (RBA) Term Funding Facility (TFF) will be increased and extended into 2021 suggests that while ongoing issuance from the non-bank sector is expected, it is highly unlikely that sign...

    • Capital Relief Trades

      • Auto SRT priced

        Santander unveils its first post-Covid Spanish auto SRT

        Santander this week priced a full stack auto significant risk transfer trade (SRT) referencing a static €520m portfolio of Spanish auto loans, constituting the bank’s first post-Covid lockdown Spanish auto SRT. Dubbed Santander C...

      • Risk transfer round up-17 September

        CRT sector developments and deal news

        BNP Paribas is believed to have priced a corporate capital relief trade from the Resonance programme this week. The transaction would be the fifth from the programme (see SCI’s capital relief trades database). ...

    • NPLs

      • Restructuring inked

        Attica Bank restructures NPL ABS

        Attica Bank has restructured a Greek NPL securitisation that was executed over three years ago and dubbed Artemis (SCI 7 July 2017). Due to the evolution of the underlying portfolio, the noteholders opted for a restructuring in order to ensure consis...

    • Real Estate

      • Forbearance crossroads

        Mortgages in forbearance well off the peaks but uncertainty beckons

        The number of US home loans in forbearance plans declined for the fourth week in succession and is now more than 22% lower than the peak seen in late May, according to data released by Black Knight today (18 September). As of September 15, 3.7m loa...

    • Regulation

      • Regulatory divergence

        Brexit complicates ESMA RTS compliance

        The controversy surrounding the application of the EU’s regulatory technical standards (RTS) to securitisation disclosure requirements persists, while the UK’s imminent departure from EU regulations and consequent potential diverg...

  • Market Moves

    • Structured Finance

      • Pagaya on hiring spree

        Sector developments and company hires

        Pagaya brings in new blood Pagaya, the data-driven asset manager, has made five key hires across all areas of its business. It has hired Jeff Andrews and Paul Limanni as, respectively, head of originations and head of structured products. Andrews j...


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