Weekly Issue Archive »

Issue 717 - 6th November

  • News Analysis

    • Capital Relief Trades
      • Synthetic CMBS eyed

        Pension funds target CRE CRTs

        Pension funds are targeting synthetic securitisations of commercial real estate loans, despite the challenges of the Coronavirus crisis (SCI 9 July). However, going forward, portfolio composition will be key for real money investors. According to C...

  • News

    • Structured Finance
      • SCI Start the Week - 2 November

        A review of securitisation activity over the past seven days

        Last week's stories Best-of-breed network Arrow Global Group answers SCI's questions Diverse portfolio Private equity CDO completed Election focus US CLOs hold up for now Measurement uncertainty Inclusion of climate ex...

    • Capital Relief Trades
      • Risk transfer round-up - 2 November

        CRT sector developments and deal news

        BDK has priced its seventh full-stack capital relief trade from the Red & Black Germany programme. The transaction is broadly in line with R&B Six, but changes have been made to the composition of the portfolio and payment triggers (S...

      • Storming STACR

        Freddie Mac shrugs off the lockdown effect to go to town in 3Q and since

        Freddie Mac's new CRT issuance credit-protected more unpaid principal mortgage balance at a higher maximum coverage in 3Q 2020 than in any other quarter since it began reporting these numbers, according to Mike Reynolds, vice president of single fami...

      • Ramping up

        Synthetic RMBS prepped

        Lloyds is marketing the third synthetic RMBS from the Syon programme. Dubbed Syon Securities 2020-2, the latest deal differs from previous issuances from the programme due to the introduction of a ramp-up period. The shift from a static to a dynamic...

    • NPLs
      • Finish line

        Galaxy nears completion

        Alpha Bank has received two binding offers for its Galaxy project (SCI 6 August). The transaction will involve a non-performing loan securitisation and the sale of the bank’s loan servicing platform Cepal. Several sources note that that t...

  • The Structured Credit Interview

    • Structured Finance
      • ESG philosophy

        Andrew Lennox, senior portfolio manager at the international business of Federated Hermes, answers S...

        Q: How and when did the international business of Federated Hermes become involved in the securitisation market? A: The Federated Hermes European structured credit team consists of senior portfolio manager Stephane Michel, me and two analysts coveri...

  • Market Moves

    • Structured Finance
      • Strategic partnership expanded

        Sector developments and company hires

        Strategic partnership expanded Pretium has entered into an expanded strategic partnership with American Equity Investment Life Insurance Company (AEL), building upon AEL's prior investment commitments with the firm and increasing total com...

      • CLO library launched

        Sector developments and company hires

        CLO library launched Semeris has today launched a document library called Semeris Docs for CLOs. The service initially covers European CLO documents and summaries on over 75 transactions, which will continue to grow and see a US CLO library launch...

      • Hertz in line with settlement plan

        Sector developments and company hires

        Hertz in line with settlement plan Fitch reports that Hertz had disposed of nearly 170,000 non-program vehicles (NPVs) over the past five months, which is in line with its bankruptcy settlement plan. These dispositions amounted to approximately US$3...

Print this issue Click here to access this issue in print format