Weekly Issue Archive »

Issue 743 - 21st May

  • News Analysis

    • ABS
      • Gaining momentum

        European solar ABS issuance tipped to emerge

        The development of a European solar ABS market is gaining momentum, with the first few securitisations potentially anticipated to emerge over the next 12-18 months. The first structures to market are expected to have many of the features observed on...

    • CMBS
      • Revving up

        Strong demand continues for CRE CLOs

        Sentiment in the US CRE CLO market remains relatively positive (SCI 10 May), with the multifamily sector in particular seeing robust demand. The outlook for the office sector is mixed, however. “The CRE CLO market is hitting all cylinders...

  • News

    • Structured Finance
      • SCI Start the Week - 17 May

        A review of securitisation activity over the past seven days

        Last week's stories Biden bonanza Vast infrastructure package to energise project finance CLOs CRE CLO surge Record issuance expected Demand drivers Fundamentals and technicals support US CLOs for now Geographical divergence CSEE mora...

    • Capital Relief Trades
      • SRT boost

        Barclays expands Colonnade platform

        Barclays has finalised two capital relief trades from the Colonnade programme that reference global corporate and commercial real estate loans. The transactions are the bank’s fourth and fifth trades of this kind, following similar deals la...

  • Market moves

    • Structured Finance
      • OMFIT debuts SOFR-linked notes

        Sector developments and company hires

        OMFIT debuts SOFR-linked notes OneMain has become the first US securitisation issuer to offer a SOFR-linked floating-rate tranche. The US$500m OneMain Financial Issuance Trust 2021-1 includes triple-A rated class A2 notes - that will be sized to dem...

      • Blue investable markets study underway

        Sector developments and company hires

        Blue investable markets study underway The European Commission and the EIB Group have increased their cooperation to implement a new EU Sustainable Blue Economy policy. Under the agreement, both institutions will work jointly with EU Member States t...

      • Data centre leverage 'inconsistent' with ratings

        Sector developments and company hires

        Data centre leverage ‘inconsistent’ with ratings A number of wholesale data centre securitisations issued in recent years carry elevated leverage that is inconsistent with the single-A rating category, Fitch suggests. The rating...

      • Strategic credit commitment inked

        Sector developments and company hires

        Strategic credit commitment inked The Investment Management Corporation of Ontario (IMCO) has closed a US$500m commitment with a new strategic partner, Ares Management Corporation. IMCO has allocated US$400m of the commitment to a fund of one struct...

      • RFC issued on benchmark regulation powers

        Sector developments and company hires

        RFC issued on benchmark regulation powers The UK FCA has published a consultation on its proposed policy framework for exercising two of its new powers under the Benchmarks Regulation (BMR), which will be introduced by the Financial Services Act 202...

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